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No. They let population growth take care of that while they decide not to invest in rental properties. Your flippant argument can be flipped around too. If the
by macspoofing 7y ago
No. They let population growth take care of that while they decide not to invest in rental properties.
Your flippant argument can be flipped around too. If there is a housing shortage, by what mechanism does rent control conjure new housing units?
- falsedan 7y agowho the what now my point is, vanishing landlord or no, the units remain
- macspoofing 7y ago>my point is, vanishing landlord or no, the units remain Still wrong: 1) Apartments get converted to condos, or re-purposed because the property has value, but renting doesn't. 2) The population keeps growing meaning that your same number of units don't meet the needs. 3) Rental supply also drops as people opt not to move and sit on their rent-controlled apartments, limiting the supply for those looking. This is why rent-control has the effect of making housing worse, even if the rental supply is maintained.
- falsedan 7y ago> Still wrong: ah, ok, they eat them. thanks for clearing that up
- macspoofing 7y agoYou do realize there is a second, third, and even a fourth line (and more) after this first line.
- falsedan 7y agooh yeah, I see them. thanks for clearing that up