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Rent control will reduce construction, since investors become anxious about the prospects of their return on investment. > We need to get rid of the residentia
by csomar 5y ago
Rent control will reduce construction, since investors become anxious about the prospects of their return on investment.
> We need to get rid of the residential condo Rent Control exemption. Most people will never make enough to afford one, even you tech guys.
That's a myth. The price is high because "some" people can afford it. By limiting the price using Rent Control, these "some" people become "lucky first renters" instead of the people who "got the most cash".
- deleted 5y ago[deleted]
- imtringued 5y agoThe lucky first renter often are those with the most cash. Now they get to pay even less. It's like people advocating rent control know that they are throwing money into the throat of the richest people in the neighborhood. Well... in Berlin that was pretty much the case. They wanted rent control for the most expensive parts of Berlin. You know, the places where the richest Berlin residents live in...