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Rent control is not a benefit for well connected people. It is a benefit for middle income people that live and work in the neighborhood who otherwise couldn't.
by cmejo 10y ago
Rent control is not a benefit for well connected people. It is a benefit for middle income people that live and work in the neighborhood who otherwise couldn't. It requires filling out paperwork; are we really going to argue that we should just hand it out to the first person that puts their name down? There are certainly problems with the administration required to get into an apartment and NYC made some good steps to reduce the burden recently (e.g., can't be denied solely on bad credit, no more home visits, etc) but the answer isn't to make it an application-less procedure.
- klipt 10y agoIn California, rent control only protects incumbents against rising rents provided they stay in the same place. As soon as they move out, the rent for the next person gets reset to market rates, due to state law (Costa-Hawkins Act).
- ThrustVectoring 10y ago"politically connected" is a poor choice of words for the concept I was trying to get across. Like, I'm not at all surprised that people that live and work in an area would vote themselves a law that says that their rents must be cheaper than they otherwise would. There's significant negative long-term consequences of it, but those mostly fall in other times and places.