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"that's exactly the problem with rent controls: They benefit the current local residents at the expense of future residents, and hurt society as a whole." One
by timr 11y ago
"that's exactly the problem with rent controls: They benefit the current local residents at the expense of future residents, and hurt society as a whole."
One man's problem is another man's social policy. I don't see this preference as anything more than a societal decision to give some value to social stability.
- cperciva 11y agoFair enough. I find granting value to societal stability to be troubling, since it tends to privilege people who are already privileged - wealthy whites, for example.
- simoncion 11y agoI mean no offense, but I'm sure that the Latino families in The Mission and the Asian families in Japantown, Chinatown, and the Outer Sunset/Richmond [0] greatly appreciate the stability that rent control provides in a city that's inexplicably rabidly anti-development. :) [0] To the knee-jerk downvoters: look up the demographic stats for those districts before you downvote. :)