4 ms·
> if strict can give equal chances to tenants no matter your background. The GP's point is that it gives equal chances to tenants to stay. New tenants do not b
by xur17 7y ago
> if strict can give equal chances to tenants no matter your background.
The GP's point is that it gives equal chances to tenants to stay. New tenants do not benefit from rent control, they instead are hurt by the higher prices due to lower supply.
- baby 7y agoThe supply problem has nothing to do with rent control.
- austhrow743 7y agoRent control = less profit for building properties = less supply.
- deleted 7y ago[deleted]
- negrit 7y agoLets be clear, the reason there is less supply is not rent control. It's regulations and NYMBYs that prevents any new building with higher occupancy.
- austhrow743 7y agoRegulations and NIMBYs increase development costs. Rent control reduces development revenue. They both play a part in making building development less attractive, just from different sides.
- JeffL 7y agoWhich is why rent control doesn't address the root causes of the housing problems, and in fact only makes things worse in the long run. It's just virtue signaling without regard to the results.