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Doesn't it seem to you that the problem is those regulations that can allow the exemptions rather than rent control? I mean, if it wasn't possible to exempt a
by axilmar 8y ago
Doesn't it seem to you that the problem is those regulations that can allow the exemptions rather than rent control?
I mean, if it wasn't possible to exempt a building from the regulations, there wouldn't be an issue with rent control.
- nostrademons 8y agoWhen you don't allow exemptions from rent control, you get something like the Bronx in the 1970s, where landlords set fire to their own buildings to collect insurance money rather than rent them out. [1] There's always an exemption - if you don't provide a legal one, people will find an undetectable illegal one. [1] https://www.crainsnewyork.com/article/20100610/BLOGS01/306109998/a-history-lesson-on-rent-regulation-in-the-1970s https://www.crainsnewyork.com/article/20100610/BLOGS01/30610...
- axilmar 8y agoThe article you posted does not say anything about fire (I searched for the word 'fire'). Even in that case though, what was the percentage of buildings burnt because of rent controls? if it was extremely low (as in less then 0.01%), then there is no real problem.
- nostrademons 8y agoSearch for "arson" instead. There was a photo-essay of the devastation (seriously, it looked like a war zone) posted on HN about a month ago. I can't find the link now, but if you Google "pictures of 1970s Bronx", the Image Search links give you a sense.