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supply is not rising to meet demand How will that aspect not worsen with added rent control?
by masonic 7y ago
supply is not rising to meet demand
How will that aspect not worsen with added rent control?
- namesbc 7y agoWe are so very very far above market equilibrium rents. Even if CA did something drastic and limited rents to say $500 per bedroom it would still be profitable to build more housing. Lack of profit incentives is NOT what is blocking housing construction in CA right now. This very minor, way above inflation, rent cap will not affect housing supply.