4 ms·
> it's smart to just steadily increase rent at the maximum rate permitted. FWIW rent control advocates agree with you.[1] It’s a point in which the “PHIMBY” le
by abalone 7y ago
> it's smart to just steadily increase rent at the maximum rate permitted.
FWIW rent control advocates agree with you.[1] It’s a point in which the “PHIMBY” left[2] and the real estate lobby agree.
The reasoning is that it’s not actually a full rent control bill (it just stops the most extreme cases of gouging) which is why the California Apartment Association stopped opposing it. Thus it doesn’t go nearly far enough to stabilize rents.
I know there are a lot of supply siders on HN champing at the bit to dump on rent control, but this particular bill is a bit more nuanced.
[1] https://twitter.com/rcmoya84/status/1171972636294840320?s=21 https://twitter.com/rcmoya84/status/1171972636294840320?s=21
[2] https://www.kqed.org/news/11731580/forget-yimby-vs-nimby-could-phimbys-solve-the-housing-crisis https://www.kqed.org/news/11731580/forget-yimby-vs-nimby-cou...