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> It is absolutely a rent control and price control policy. You are literally preventing rents from rising. As both the article and the GP pointed out, rent st
by ysavir 4y ago
> It is absolutely a rent control and price control policy. You are literally preventing rents from rising.
As both the article and the GP pointed out, rent stabilization does allow for rents to increase.
Are you trying to say they aren't allowed to increase enough, or are you under the impression they don't rise at all?
- faeriechangling 4y agoWow, so the rate at which the price of RENT is increasing is being subject to CONTROLS? In any case, the exact same economic phenomena has been observed regardless of if you fix rent increases to inflation or never allow for rents to increase, because the two approaches are just incredibly similar variants of price controls.
- ysavir 4y agoYour words were "You are literally preventing rents from rising", which is quite different, and wrong.
- eastbound 4y agoInflation rises more.
- ysavir 4y agoThat's a different point from what the OP was saying
- sethammons 4y agoIf you hold a balloon under water and slowly let it float up by holding it down, you are preventing it from rising (as fast as it otherwise would).
- ysavir 4y agoNotice how the parenthesis is important? The original poster didn't include any such qualification, they just asserted "preventing rent from rising".
- throwaway292939 4y agoIn other words, it's still a price control, albeit less aggressive.