5 ms·

You’re the first person I’ve seen being against rent control. You want to rent a place where the landlord can double the rent the following week?

mmirate3 8y ago
Increment your count. I'd say more about it, but I don't think I can write any more eloquently and exhaustively than these folks: https://www.econlib.org/library/Enc/RentControl.html https://www.econlib.org/library/Enc/RentControl.html
manfredo 8y ago
The only people who benefit from rent control are long time residents that were fortunate enough to start ending a long time ago. Everyone else is subsidizing those people. This is why rent control is a nativist policy. Not to mention, rent control suppresses willingness to build more housing thus contributing to the chronic undersupply of housing in places like San Francisco that have extensive rent control. People would be a lot less eager to shoot down development proposals if they felt the impact of rising rents. But currently, only ~30-40% of the renter population is affected by rising rents.
- keerthiko 8y ago
  Completely agree. A lot of onlookers into cities like SF think "absolute rent control" when rent control is mentioned -- that the rent prices of certain units are locked/fixed increment set by the government regardless of anything. This is low income housing. LIH is not rent control. Rent control is a discriminatory practice that creates a secondary market that is insulated from most of the people who truly need it, because while a sitting tenant is "protected", a new move-in is not (and every "sitting tenant" becomes a "new move-in" whenever their housing needs change, but some are better connected to a possible new rent controlled opportunity they can piggyback). It's fundamentally orthogonal to the benefits intended by a rental economy, which is to allow many consumers freedom of choice without discriminatory pricing.
- the_clarence 8y ago
  You are not answering my question. What is your proposed solution to avoid having a landlord doubling your rent in a week?
  - MrMember 8y ago
    If your rent is doubling in a week that means demand for housing is sky high and supply is low. The solution is to build more housing.
  - manfredo 8y ago
    The solution is to build enough housing such that the market rate is affordable. Then, landlords need to keep rents low enough to be competitive with other apartments.

mmirate3 8y ago

Increment your count. I'd say more about it, but I don't think I can write any more eloquently and exhaustively than these folks: https://www.econlib.org/library/Enc/RentControl.html https://www.econlib.org/library/Enc/RentControl.html

manfredo 8y ago

The only people who benefit from rent control are long time residents that were fortunate enough to start ending a long time ago. Everyone else is subsidizing those people. This is why rent control is a nativist policy. Not to mention, rent control suppresses willingness to build more housing thus contributing to the chronic undersupply of housing in places like San Francisco that have extensive rent control. People would be a lot less eager to shoot down development proposals if they felt the impact of rising rents. But currently, only ~30-40% of the renter population is affected by rising rents.

keerthiko 8y ago
Completely agree. A lot of onlookers into cities like SF think "absolute rent control" when rent control is mentioned -- that the rent prices of certain units are locked/fixed increment set by the government regardless of anything. This is low income housing. LIH is not rent control. Rent control is a discriminatory practice that creates a secondary market that is insulated from most of the people who truly need it, because while a sitting tenant is "protected", a new move-in is not (and every "sitting tenant" becomes a "new move-in" whenever their housing needs change, but some are better connected to a possible new rent controlled opportunity they can piggyback). It's fundamentally orthogonal to the benefits intended by a rental economy, which is to allow many consumers freedom of choice without discriminatory pricing.
the_clarence 8y ago
You are not answering my question. What is your proposed solution to avoid having a landlord doubling your rent in a week?
- MrMember 8y ago
  If your rent is doubling in a week that means demand for housing is sky high and supply is low. The solution is to build more housing.
- manfredo 8y ago
  The solution is to build enough housing such that the market rate is affordable. Then, landlords need to keep rents low enough to be competitive with other apartments.