4 ms·

Most people don't understand the second order effects you've described. The downside of so much renter-favorable protections is an increase in rent which price

Most people don't understand the second order effects you've described. The downside of so much renter-favorable protections is an increase in rent which prices out those very same renters. The person whose comment you are replying to doesn't understand that. So then when the rental market gets too hot for working people, his next demand will be that the government force landlords to rent at a particular price. So then landlords don't want to rent at that price, because they would take a loss, so they choose not to rent at all. So then the market for rental properties contracts. Then the person asks that the state appropriate the properties and rent it out directly. So then people lose their property and have no incentive to invest in property in the jurisdiction, and future workers, not interested in living in government dormitories, choose another jurisdiction to go build their companies and careers. Then this person, aged 60 at that time, will be sitting in their rundown neighborhood where all the young people have left to go to another jurisdiction, and will be muttering ... things used to be soooo good. What ever happened?

maaaats 9y ago
Holy crap, are you actually putting all those words in my mouth? And did you learn all that from me saying why laws protecting renters exist?
- TheMagicHorsey 9y ago
  > And giving people housing is important, that's why the laws > often favor the person renting, not the owner. As though if you think housing is important, all a policy maker should have to think about is the first order effect of protecting the renter's rights. You did a lot more than say they exist. You said housing is important, that's why they exist. As though rental protection somehow advances the important goal of providing housing. One doesn't need more than that to identify who you are when it comes to reasoning about housing.

maaaats 9y ago

Holy crap, are you actually putting all those words in my mouth? And did you learn all that from me saying why laws protecting renters exist?

TheMagicHorsey 9y ago
> And giving people housing is important, that's why the laws > often favor the person renting, not the owner. As though if you think housing is important, all a policy maker should have to think about is the first order effect of protecting the renter's rights. You did a lot more than say they exist. You said housing is important, that's why they exist. As though rental protection somehow advances the important goal of providing housing. One doesn't need more than that to identify who you are when it comes to reasoning about housing.