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until they need a two bedroom for a kid. rent control works great if you have your shit together and have no life changes coming up. If you're settled in your
by jethro_tell 7y ago
until they need a two bedroom for a kid. rent control works great if you have your shit together and have no life changes coming up. If you're settled in your life and you already have a place, rent control is great, if you're going thought the life change stage of your life, rent control doesn't help to much. Rent goes up to market when you move out to go to college, then it goes back to market after you leave college to get that first job, then when you want to move into a place by your self or with a significant other, back to market. Need something bigger to start a family? Back to market. Once you finally get your shit together and ease into a stable part of life (if you haven't bought a house) your rent is stable. But it's not a big help until you're stable. So while most people are renters in the younger demographic, rent pretty much stays at market for the majority of the time through 20's and 30's. The answer is still more housing to lower the overall price of housing.
- tmh79 7y ago"The answer is still more housing to lower the overall price of housing." I am not arguing against that at all, but if we decide to go extreme SB50 style urbanize California we wouldn't see real price impacts for maybe 5 years at the earliest. What are we supposed to do between now and then, just accept 15% YoY rent increase?
- jethro_tell 7y agoIF this was passed at the same time as laws that allow more housing and tapered off after the expected return of more houses, I'd be fine with it. But as it stands now, the idea of rent control until more housing is a pipe dream since the more housing part never seems to come. The studies are clear, rent control is a benefit to a few but long term doesn't really add much value and instead makes the market stagnate in funny ways.