3 ms·
The crumbling buildings with horrid management are all classic symptoms of the effect of price controls, exacerbated by other anti-development factors in SF. Pu
by prottog 4y ago
The crumbling buildings with horrid management are all classic symptoms of the effect of price controls, exacerbated by other anti-development factors in SF. Put it this way: when demand far outstrips supply due to the supply being effectively made illegal, prices rise. When said prices are forced down by rent control, quality deteriorates as landlords must make up the difference somewhere.