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Rent control is a terrible idea for controlling cost. This is basically universally agreed upon by all economists. You just artificially reduce the supply of ho
by LandoCalrissian 10y ago
Rent control is a terrible idea for controlling cost. This is basically universally agreed upon by all economists. You just artificially reduce the supply of housing because people in rent control places will not leave. On top of that it actually makes it more difficult for low income people to rent since you have to have a sterling rental history to get a rent control apartment.
So you actually just exacerbate the situation. Rent control is one of those things that sounds good at face value but once you think about it a little more you realize it's a terrible idea.
- markeroon 10y agoWell, for the people who have a tent controlled apartment it's certainly not terrible for controlling cost. Be more specific.
- deleted 10y ago[deleted]
- withdavidli 10y agoThey were specific to the situation you mentioned. >because people in rent control places will not leave. What kind of details are you looking for here? That they don't leave because it's likely the lowest possible they would be able to find, and that the tenants would be increasing their cost otherwise.
- simooooo 10y agoWouldn't another apartment they might move to also be rent controlled?
- withdavidli 10y agothat's if there is one open. argument made is that people that have rent controlled apartments don't leave for economic reasons. this would mean it lessens the supply of rent controlled apartment in the area. the competition for a place is high in the bay area, so even if they find and apply for an apartment doesn't mean they'll get it. my personal situation is worse due to me finding rooms instead of entire apartments. lived in 4-5 different places in last 4 years. I would get a response rate of ~5% from craiglist when looking in SF, percentage better in the peninsula. Usually competing against 10+ people viable applicants each time.