3 ms·
> High prices attract investment in more housing, Often planning laws restrict new housing... > usually denser housing ...and denser housing > Rent Control
by cabalamat 8y ago
> High prices attract investment in more housing,
Often planning laws restrict new housing...
> usually denser housing
...and denser housing
> Rent Control prevents the market signals from working.
Rent control is also unfair, if some people (selected how?) are entitled to it and other people not entitled.
I am against rent controls unless it is a right for all. By this I mean that anyone[1] living in a city can go to the local authority and say "I want a rent-controlled flat" and the local authority would be legally entitled to let them one, building new houses where necessary. This would mean the local authority would be required to act on market signals of people wanting rent-controlled housing.
1: with maybe a few qualifications like residence in that city for a year, citizenship, etc.
- MAGZine 8y agoRent control, at least in San Francisco, applies to buildings/units of a certain type. It is not given to people or applied for. You get it automatically if you live in a unit that qualifies. So it is a right for all... just live in a building that qualifies. Most older buildings already do, so rent control is already applied to the cheapest units (again, in SF)
- ap3 8y agoWhy don’t more people just rent a rent control apartment instead of paying higher rent at other places?
- MAGZine 8y agoThe non-rent controlled places are newer/nicer.
- cabalamat 8y ago> You get it automatically if you live in a unit that qualifies. And how do you get to live in a unit that qualifies? That isn't something everyone has the right to do. > just live in a building that qualifies "Being rich is easy, just be born to rich parents."