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I’m not sure that’s quite accurate. If you just look at it through the lens of supply and demand, of course rent control is bad. But the real issues are more n
by bcherny 8y ago
I’m not sure that’s quite accurate.
If you just look at it through the lens of supply and demand, of course rent control is bad. But the real issues are more nuanced than that.
For example, a recent study from Stanford found that rent control reduces supply of housing by 15% and raises the income you need to move into the city; on the other side, that same study found that rent control helps protect people that live in the city already, which disproportionately helps people of color and lower income people.
There’s a few similar studies. There are definitely tradeoffs here, which depend on your own values.
https://web.stanford.edu/~diamondr/DMQ.pdf https://web.stanford.edu/~diamondr/DMQ.pdf
- compsciphd 8y agoisn't that another way of saying its a way to create slums? i.e. if wealthier people can't move in, I'd think there's a good chance the existing wealthy people will move out as well, leaving only the lower income people without any tax base to support the services needed for them.
- deleted 8y ago[deleted]
- bcherny 8y agoI’m not sure there’s any evidence of that in the studies I’ve seen. It seems a bit far removed from what we actually see today.
- outside1234 8y agoWhen you apply rent control you are basically telling the landlord to not invest in the property any longer. I would bet that you'd find that this only helps people of color and lower income people in the very short run and that eventually you'd find that these apartments turn into ghettos.