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Much if its value is in protecting existing communities who would be displaced by rising rents, so yeah, it favours incumbents.
by hkt 6y ago
Much if its value is in protecting existing communities who would be displaced by rising rents, so yeah, it favours incumbents.
- chrischen 6y agoI think existing communities is interchangeable with incumbent residents. There are probably better ways to protect mass displacement of low-income residents since rent control only applies to certain really old buildings. Preserving the community in itself is not a bad thing to do but a lot of these policies have also been blocking the building of higher density housing, which could satisfy everyone (keep old residents AND let in new residents).