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Those points are true of SF rent control, however rent control has the side-effect of leading to people being able to afford a bigger place than they would othe
by olfactory 8y ago
Those points are true of SF rent control, however rent control has the side-effect of leading to people being able to afford a bigger place than they would otherwise afford, which in turn reduces the number of people who can afford to live in the same number of units. Why bother taking on a roommate if your rent controlled price makes the unit affordable? So now that would-be room mate has to find somewhere else to live.
- olliej 8y agoGenerally rent control only applies to existing tenants, so at some point they could afford the unit. The common issue in California is the landlord increasing rent in according to a market rate that doesn’t match wage increases. Another fun one in the Bay Area at least is people preventing new construction because the will reduce the value of their property. Literally that’s the argument used in Palo Alto and Mountain View - I can’t imagine it being different elsewhere.