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> If it weren't for rent control, every rental in the city would be renting for at least $3000 per bedroom per month The balance of supply and demand would rem
by cynicalkane 11y ago
> If it weren't for rent control, every rental in the city would be renting for at least $3000 per bedroom per month
The balance of supply and demand would remain the same if there was a vast increase of supply?
- xenadu02 11y agoNo, it would just cause all rents to increase at a slower rate. SF's problem remains zoning and NIMBYism, from both the "my view!!!!1" types and the "only 100% affordable housing!!!!1" types. I also suspect a number of these groups are being funded by property developers and landlords looking to drive prices even higher.
- simoncion 11y ago> ...it would just cause all rents to increase at a slower rate. Rents increasing at the same rate as inflation is 100% okay. I don't think that anyone thinks that this is a bad idea. (Indeed, the SF Rent Board allows an annual rent increase for rent controlled apartments that is slaved to the CPI for the area.) Rents increasing by 75% per year, every single year is not okay.