4 ms·
Rent controlled housing is intervention that drives the rest of it up, and causes hoarding where they want to keep the old prices in a multi bedroom apartment,
by GhettoComputers 5y ago
Rent controlled housing is intervention that drives the rest of it up, and causes hoarding where they want to keep the old prices in a multi bedroom apartment, higher prices for others that cause long vacancies, they’re dreading building a certain amount of affordable housing from upper bureaucrats, that prescribed only one solution that doesn’t fit into the data, so the problems of intervention are being solved with the same intervention that caused it.
- cheriot 5y agoRent control has only existed in a handful of CA municipalities, but the exorbitant housing costs are everywhere in the SF, SV, LA regions. To your point, CA's regional housing needs assessments are state level intervention to undo city level interventions (zoning, permitting) that prohibit housing.
- GhettoComputers 5y agoAren’t those the most important areas that need housing? Isn’t rent control being used as the proposed solution for affordable housing? Wouldn’t removal help? The cost is also less nature and it can lose attractive characteristics, like how gentrification changes environments.
- phlakaton 5y agoThe state mandates that some of the allocation go too "affordable housing" and that the placement of said housing is not obviously redlined (e.g. you can't just dump some flophouses on an abandoned military base and call that an affordable housing solution). The state does not mandate rent control, and not all cities with huge housing needs pursue rent control. So yes, there's a shape to the stare-level intervention, but nothing as draconian as you describe.
- cheriot 5y agoRemoving rent control does not address the housing shortage. The city built office space for more jobs and prohibits housing for those new workers. That's the problem to solve.