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> So as to not remove the incentive to build new apartments, in San Francisco, rent control only applies to units built before 1978. Indeed! It's also worth me
by Kalium 9y ago
> So as to not remove the incentive to build new apartments, in San Francisco, rent control only applies to units built before 1978.
Indeed! It's also worth mentioning that this has had the perverse side-effect of encouraging people to find any and every way possible to block the removal of old buildings.
Which is to say that the incentive to build new apartments has been matches with tools designed to prevent exactly that.