5 ms·
rent control is not the problem, the lack of new housing caused by rich people not wanting to devalue their property values is the problem
by Ar-Curunir 6y ago
rent control is not the problem, the lack of new housing caused by rich people not wanting to devalue their property values is the problem
- tqi 6y agoRent control does allow renters to vote against new housing development (in the name of "preserving" a neighborhood) without having to bear the cost of increased rent.
- rendang 6y agoBoth are problems! Rent controlled units don't count toward the market-rate housing supply and thus raise the market rent.