4 ms·
We could then re-evaluate rent control on the same logic! I think both of these controls have some helpful effects that last way longer than they should. We ar
by fiter 9y ago
We could then re-evaluate rent control on the same logic!
I think both of these controls have some helpful effects that last way longer than they should. We are trying to damp market oscillations (speculation), not remove them completely! Perhaps the increases could be the moving average of the last 5-10 years, so increases would slowly phase in if they are real growth and be smoothed over if they are temporary fluctuations.
- closeparen 9y ago>We are trying to damp market oscillations (speculation), not remove them completely! I don't think proponents of rent control and Prop 13 would agree. They are trying to protect existing communities over the long term, and feel (somewhat understandably) that "the market" should not have the authority to disband communities on any time scale. Speculators are an easy rhetorical target, but if you dig deeper it's really about locking in the existing physical and social character of a neighborhood indefinitely, market forces be damned.
- fiter 9y agoThank you for pointing that out. I still think it is useful to make the argument explicitly and separately and see where people land. The percentages of people that support limited term prop 13/rent control may be larger than the percent that support it as a general concept.