3 ms·
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
by 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.