3 ms·

In a vacuum, yes. Just as much as on paper 0.1+0.2=0.3 but in most floating point implementations it doesn’t. In application Toronto has seen the opposite effe

In a vacuum, yes. Just as much as on paper 0.1+0.2=0.3 but in most floating point implementations it doesn’t. In application Toronto has seen the opposite effect to what you describe. We hear this argument over and over as we just had our rent control stripped, but it’s counter to the experience. Here’s one write-up: https://urbantoronto.ca/news/2018/11/people-why-universal-rent-control-worth-fighting https://urbantoronto.ca/news/2018/11/people-why-universal-re...

pitaj 7y ago
Your article says this: > So far, empirical evidence shows that rent control has not crippled the purpose-built rental market. But the economic concensus is exactly the opposite. https://www.economist.com/the-economist-explains/2015/08/30/do-rent-controls-work https://www.economist.com/the-economist-explains/2015/08/30/... https://www.nytimes.com/2018/10/12/business/economy/rent-control-explained.html https://www.nytimes.com/2018/10/12/business/economy/rent-con... https://www.businessinsider.com/does-rent-control-work-no-it-actually-increases-rent-prices-for-most-people-2015-9 https://www.businessinsider.com/does-rent-control-work-no-it... https://www.bloomberg.com/opinion/articles/2018-01-18/yup-rent-control-does-more-harm-than-good https://www.bloomberg.com/opinion/articles/2018-01-18/yup-re... https://www.nytimes.com/1989/05/30/opinion/how-rent-control-hurts-the-poor.html https://www.nytimes.com/1989/05/30/opinion/how-rent-control-...
- 52-6F-62 7y ago
  The article continues beyond that line. They outline, with numbers, the practical effects of rent control in the sample size of metro Toronto. I’m not an economist but I didn’t think consensus was a valid benchmark against empirical data.
  - pitaj 7y ago
    Consensus are built from empirical data of more than just one metro area.
    - 52-6F-62 7y ago
      A consensus of opinion is irrelevant. And among those articles is hardly a consensus. One wants regulations limited to an extent, another wants vouchers instead of rent controls.
- rtkwe 7y ago
  Those (The few of those I could actually read, thanks paywalls!) all focused on the effects on owners bringing rental units out of the market and don't really show that there was an overall decrease in the number of housing units available. The economist article for example doesn't have any real info on the effect of rent control just the fairly standard arguments about it affecting the willingness of land owners to build.

pitaj 7y ago

Your article says this: > So far, empirical evidence shows that rent control has not crippled the purpose-built rental market. But the economic concensus is exactly the opposite. https://www.economist.com/the-economist-explains/2015/08/30/do-rent-controls-work https://www.economist.com/the-economist-explains/2015/08/30/... https://www.nytimes.com/2018/10/12/business/economy/rent-control-explained.html https://www.nytimes.com/2018/10/12/business/economy/rent-con... https://www.businessinsider.com/does-rent-control-work-no-it-actually-increases-rent-prices-for-most-people-2015-9 https://www.businessinsider.com/does-rent-control-work-no-it... https://www.bloomberg.com/opinion/articles/2018-01-18/yup-rent-control-does-more-harm-than-good https://www.bloomberg.com/opinion/articles/2018-01-18/yup-re... https://www.nytimes.com/1989/05/30/opinion/how-rent-control-hurts-the-poor.html https://www.nytimes.com/1989/05/30/opinion/how-rent-control-...

52-6F-62 7y ago
The article continues beyond that line. They outline, with numbers, the practical effects of rent control in the sample size of metro Toronto. I’m not an economist but I didn’t think consensus was a valid benchmark against empirical data.
- pitaj 7y ago
  Consensus are built from empirical data of more than just one metro area.
  - 52-6F-62 7y ago
    A consensus of opinion is irrelevant. And among those articles is hardly a consensus. One wants regulations limited to an extent, another wants vouchers instead of rent controls.
rtkwe 7y ago
Those (The few of those I could actually read, thanks paywalls!) all focused on the effects on owners bringing rental units out of the market and don't really show that there was an overall decrease in the number of housing units available. The economist article for example doesn't have any real info on the effect of rent control just the fairly standard arguments about it affecting the willingness of land owners to build.