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You didn't give two data points, you gave four unsourced assertions (two for building booms, two for strictness of rent controls), devoid of any rigour (was the
by saosebastiao 9y ago
You didn't give two data points, you gave four unsourced assertions (two for building booms, two for strictness of rent controls), devoid of any rigour (was the building boom even in housing? Or was it mostly commercial?) or control for any of the thousands of potential external factors.
But even if what you assert actually is true, it hardly is a rebuttal to the article. Her unsourced assertions actually do line up with a century of research and hundreds of empirical studies on the effect of rent control specifically, not to mention the much larger body of research on price controls in general. It isn't necessary for someone who is backed by scientific consensus to laboriously review an enormous body of research that supports their premise before making a policy recommendation. Only those who are speaking against the consensus benefit from an empirical review.
I'm actually in agreement with you on land value taxes. It's something that is long overdue. But even with land value taxes, land is only valued at the highest best use that is zoned and permitted to be built. And that's the true underlying problem.