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> It also keeps rents from being jacked up unfairly because you don't want to move your life every year or two. A better description is that it makes rents get
by username90 6y ago
> It also keeps rents from being jacked up unfairly because you don't want to move your life every year or two.
A better description is that it makes rents get jacked up unfairly before you even move in. Property prices are about the same in Zurich and SF, but rent is about half in Zurich as in SF. So the effect of rent control is that everyone's rent is about doubled. I'd rather take my chances and move if my landlord doubles the rate after 2 years than be forced to pay double from the start as I'd have to in SF.
- MAGZine 6y agoContrary to your point, I don't think that's a better description. I live in a non-rent control building and received rate increases of 7% and then 12% after, and this was already on top-of-market rent. I also don't know how well correlated property prices and rent are, especially across countries. I think there are a number of confounding factors such that I'm not sold on how directly it translates.