12 ms·
One anecdotal example of this - my sister, lives in SF, near market in a rent controlled apartment paying ~$2200 for a single bedroom. She is a director at a te
by kungfoodog 8y ago
One anecdotal example of this - my sister, lives in SF, near market in a rent controlled apartment paying ~$2200 for a single bedroom. She is a director at a tech company making high 300k - 400k a year depending on bonus etc - so obviously doesn't need rent control to have a roof over her head. Recently her job moved to South Bay (Palo Alto) but she refuses to move cause she can't let go of the "great deal" in the city. Way I see it - everyone is hurting - she, cause of he horrible commute, but can't let go of the "great deal", someone who probably really deserves that apartment/rent, the landlord, the environment.
I know just one anecdotal example and I am sure there are many other examples on the other side where rent control helps. But to me, it looks like rent control really distorts the market way too much to be an effective solution to the housing crisis.
- around_here 8y agoShe leaves, and some also wealthy person gets to pay way more for it. The also wealthy landlord gets to get way too much for it. I'm happier to watch the owners of capital hurt for it. Decommodify housing. Full stop, no rents. Housing by need.
- fenk85 8y agoI recommend you take a trip to any Russia (ex Soviet city)
- bzbarsky 8y agoWho gets to determine the need? I've lived, though as a child, in a place where housing was distributed "by need" -- the USSR, though even then in the 80s things were liberalizing some. It was, in retrospect, a horrible combination of corruption, underinvestment in housing, and what would in the modern West be considered terrible living conditions.