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"from [ever] getting priced out of their particular community." FTFY. Rent control is a bogus solution. Rents rise when demand exceeds supply. It shoul
by malandrew 10y ago
"from [ever] getting priced out of their particular
community."
FTFY. Rent control is a bogus solution. Rents rise when demand exceeds supply. It shouldn't be that hard to get a reasonable realtime measurement of demand and make sure that you're publishing the data showing that change in demand while simultaneously making sure that you're approving new housing projects at an equivalent rate. Doing so would have the same impact of rent control via market dynamics.
- deleted 10y ago[deleted]
- deleted 10y ago[deleted]
- colanderman 10y agoYou say that like housing is fungible. It is not, neither for low-income residents who have formed a community around a location, nor for wealthy people looking to move into a trending neighborhood.
- mindslight 10y agoRent control has some economic merit - it quickens price feedback to those with the least inertia. Market inefficiency is a thing, and if someone has been in an apartment for a decade it's going to take a much greater increase to make them consider moving compared to simply dissuading someone who is thinking about moving to an area.