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Hardly any renters in San Francisco are market rate renters. Market rate raters are the only ones who directly benefit if the market rate comes down.
by MBlume 9y ago
Hardly any renters in San Francisco are market rate renters. Market rate raters are the only ones who directly benefit if the market rate comes down.
- asabjorn 9y agoNot necessarily. Life situations change so a rent control tenant might need to find a new place or people they love might need to. For instance * get children * get grandchildren they want to be close with while their child can’t afford to live next door because of inflated rents caused by housing shortages * become old and need to live in a building adapted to their needs *their friends might move away because of high housing costs Reducing prices solves these problems.
- MBlume 9y agoOh, I totally agree, rent control makes it hard to move and that's terrible, we should have many more market renters and we should build enough to keep market rates reasonable. I'm just saying the political coalition isn't really there.