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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 e

by 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.

by pitaj 7y ago

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.