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Rent control is a terrible idea for the exact reason prop 13 is - it reduces mobility and flexibility for everyone, and completely screws over anybody new (immi
by dcosson 8y ago
Rent control is a terrible idea for the exact reason prop 13 is - it reduces mobility and flexibility for everyone, and completely screws over anybody new (immigrants, young people, people who get unlucky and their landlord happened to want to move back into their house, etc).
Even further, it allows a lot of people to completely ignore the high prices, so people benefit from these things, keep voting to block new construction and ignore the housing supply problems and make the jobs/housing imbalance worse, and prices just go up even faster.