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An interesting article, but I don't agree with the author's conclusion that rent control is worse than the California-style alternative. Is San Francisco curren
by njn 8y ago
An interesting article, but I don't agree with the author's conclusion that rent control is worse than the California-style alternative. Is San Francisco currently better off than New York? No rent control there, and prices are even higher than NYC. I wouldn't find my 1br NYC apt for $1500 in SF. Maybe 6 years ago, but not now.
Rent stabilization alone isn't a solution the housing affordability, and maybe there's more to it than meets the eye. But New York's solution shouldn't just be to get rid of it. What model city would they be following?
Rather, changes in zoning laws could be really great, following Tokyo's model. The author hints at this. https://www.vox.com/2016/8/8/12390048/san-francisco-housing-costs-tokyo https://www.vox.com/2016/8/8/12390048/san-francisco-housing-...
- kettlecorn 8y agoSan Francisco does have rent control: https://www.sftu.org/rentcontrol/ https://www.sftu.org/rentcontrol/
- jordonwii 8y ago> An interesting article, but I don't agree with the author's conclusion that rent control is worse than the California-style alternative. Is San Francisco currently better off than New York? No rent control there, and prices are even higher than NYC. We have rent control on units occupied before Costa-Hawkins went into effect (1995 I believe). SF builds very very few units per year, so this covers a very high percentage of the units in the city.
- bsimpson 8y agoIt also depends on the ownership model of the property. If the landlord only owns a single unit (e.g. an individual condo in a building, or a single-family home), the financial aspect of rent control doesn't apply.
- bsimpson 8y agoFWIW, I was paying $1900 for a studio in SF in 2010. You've got to go back quite a bit farther than 6 years for $1500 to be a typical price for a decent 1 bedroom.