4 ms·
It's more complicated than this. There is rent control and rent stabilization, for example. I'm sure my landlord would LOVE to raise my rent to twice what I'm
by jrockway 4y ago
It's more complicated than this. There is rent control and rent stabilization, for example. I'm sure my landlord would LOVE to raise my rent to twice what I'm paying, but they're not legally allowed to. Yes it's weird and anti-free-market and unfair to people that didn't get in early and all that. But that's how it goes! UBI would not raise rent on rent stabilized apartments in NYC.
- carom 4y agoThat just means you are paying below market rent. There is someone willing to pay twice your rent to live where you do. Rent control creates a first mover advantage where the incumbents have a good deal and everyone else suffers. Whether this is fair depends on your beliefs, but I would rather have healthy turn over to give more people an opportunity to experience an area.
- WarOnPrivacy 4y ago> There is someone willing to pay twice your rent to live where you do. And as much as that is permitted to happen, the devastation to society increases. We presently have people entering homelessness with money in the bank. It's unlikely we've hit the possible upper limit on our broad housing catastrophe - but wherever that limit is, we certainly know how to reach it.