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That's a great example of how policies backfire - the 'renter-friendly' laws make it incredibly unattractive to rent places and reduce supply, hurting renters.
by jordanthoms 10y ago
That's a great example of how policies backfire - the 'renter-friendly' laws make it incredibly unattractive to rent places and reduce supply, hurting renters.
- aminok 10y agoRenter friendly laws also make it much less attractive to build new units, since they reduce the ROI in doing so.
- uola 10y agoIf it wasn't for "renter-friendly" laws many renters would have had to move already or wouldn't have moved there in the first place. It's like saying that programming would be much better if we required everyone to have an engineering degree. It would, but it would also be a different set of programmers. People who got in to programming because it didn't necessarily require a degree wouldn't be very pleased.