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I've also lived in rent controlled cities (like SF), and my experience runs counter to yours. Your experience is an anecdote, not data. I get the impression yo
by awillen 6y ago
I've also lived in rent controlled cities (like SF), and my experience runs counter to yours. Your experience is an anecdote, not data.
I get the impression you didn't actually read the article. It points out very clearly that when apartments go vacant in Berlin, they're being sold, not re-rented. If that's what happens when a renter leaves, then there's no stock for new renters to move into.
And just throwing in public housing as though it's a magical solution is wildly unrealistic, especially when you're dealing with large numbers of people.
I'm sure you live somewhere nice, but it's not reflective of the world.
- sudosysgen 6y agoIf the apartments are being sold, then they must find buyers. If there is no way to rent them, then it's not profitable to hold on to them, and their value decreases. At that point, people can simply buy apartments, and everyone is happy. My experience is typical and backed by data. In my city, roughly 25% of the renting population moves every year.