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Yeah. As long as the 3-4 story limit exists, then rent controls are the wrong answer. If you want rent controls, then developers need to be able to produce mo
by Sohcahtoa82 6y ago
Yeah.
As long as the 3-4 story limit exists, then rent controls are the wrong answer. If you want rent controls, then developers need to be able to produce more housing.
In other words, if rent controls mean a landlord can only profit $X per unit, then if they want to be able to produce $X*100 in profit, then they need to be able to produce 100 units.
- zbrozek 6y agoWe've also made it extremely slow to do anything. A million small rules. Now the planning department has to check every detail of your plan against all of them. And it means that it takes at least a year and a huge amount of labor to even come up with blueprints.