2 ms·
No, it's not a claim that market rents increased in the long run, it's a suggestion. I can assure you I've read the entire article, and if you re-read my reply
by sudosysgen 5y ago
No, it's not a claim that market rents increased in the long run, it's a suggestion. I can assure you I've read the entire article, and if you re-read my reply you're going to notice that I specifically talked about claims vs suggestions.
If the article had made an actual claim that market rents increased in the long run, it wouldn't have passed peer review.
That's because there is no empirical evidence that market rents increased in the long run, and no actual analysis, that would have to take into account factors like displacement of ethnic minorities and it's impact on rents, the change in homeownership rates, the tendency for rents to compound over time thus giving an outsized effect to the initial suppression of rents, etc..., which wouldn't come to a solid conclusion without additional data.
As a result, we cannot say that it's incorrect that rent control isn't bad. The evidence you've provided falls way short of the argument.