3 ms·
I tend to agree. It doesn't look like a rent control issue to me. I live on the Peninsula where there is no rent control, and rents are skyrocketing just as muc
by tesseract 10y ago
I tend to agree. It doesn't look like a rent control issue to me. I live on the Peninsula where there is no rent control, and rents are skyrocketing just as much as in the City.
Instead it seems to me like there are just too many mechanisms (zoning, environmental review, etc.) whereby homeowners and incumbent landlords can act on their (eminently logical, but self-serving) concerns that 'cheap housing will destroy my property value' and prevent housing from being built, or limit the density of new development.
Something I am surprised not to see discussed more often is the effect on the market of "affordable housing" which in the political lingo refers specifically to means-tested below-market-rate housing. By splitting the housing market into market-rate and below-market pools it actually props up prices of the former and seems like it may (I haven't seen any good analyses on this to be honest) prevent new construction from having as strong of a restraining effect on rents overall as it otherwise might.