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Note that the article itself distinguishes between short-term and medium-to-long-term solutions. In the short-run, rent-control simply shifts power away from la
by abrownbear 5y ago
Note that the article itself distinguishes between short-term and medium-to-long-term solutions. In the short-run, rent-control simply shifts power away from landlords. In the long-run, to maintain supply, you need to build more housing through both re-zoning and social housing, as the article states.
- Diggsey 5y agoNo, in the short term it takes money from new renters and gives it to existing renters: https://www.bbc.co.uk/news/business-47028342 https://www.bbc.co.uk/news/business-47028342 Furthermore, most policies of this nature are stupid because they assume that everything except the target of the policy (in this case rent) stays the same, and this is obviously not true. A lot of policies meant to help tenants involve moving additional costs onto the landlord... Who then increases the rent to cover them, and yet remains competitive because every landlord has the same costs imposed on them, and so makes the same decision. The article does point out some problems (like the high cost of moving as a renter causing an imbalance) and then instead of directly addressing those issues, leaps to a completely unrelated "solution". From personal experience with agents, there's a hell of a lot that could be done to make that process smoother and cheaper...