3 ms·
Did you read the article though, it's arguing that the rent control is causing the very thing you're complaining about, that it it discourages from building new
by dalore 11y ago
Did you read the article though, it's arguing that the rent control is causing the very thing you're complaining about, that it it discourages from building new housing. So less housing is built which makes the existing housing more scarce and drives up the price.
- simoncion 11y agoRent control in SF is not the primary cause of the failure to build to meet demand. Anti-development zoning laws, anti-development rhetoric, an obscenely convoluted permitting process, and NIMBY protests of questionable motivation are currently the source of the city's woes. Consider: * New construction is not subject to rent control. * Newly built units are renting for $2,200 -> $3,000+ per bedroom per month. * Again, those rates are not subject to rent control and may be increased at any time. * Folks with apartments to rent often hold hours-long open houses where dozens of people attend to be interviewed, present their proof of financial stability, and jockey to make the best offer (read: pay the most) to their prospective new roommate/landlord. [0] In any reasonably managed city, I would agree that rent control stifles construction. In this city, rent control is hardly even a bump in the road; there's no rational reason not to build. [0] Source: I recently had a friend attempt to find a vaguely affordable place to live in the city. fully 80% of the places she looked at (and she was looking at at least one a week) did this.