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Obviously, landlords are price takers, charging the maximum anyone will pay to rent their unit. The question is whether prop 13 increases supply in the medium t
by HDThoreaun 3y ago
Obviously, landlords are price takers, charging the maximum anyone will pay to rent their unit. The question is whether prop 13 increases supply in the medium to long run which would lead to lower rents. Unfortunately California NIMBYism makes that impossible.
- runarberg 3y agoQuestion: If the goal is to increase supply and lower rent in the long run, would you consider social housing, that is the state build housing in large numbers specifically to rent them? For me this seems like a more straightforward way and likelier to succeed in its intention without unforeseen consequences, as opposed to landlord subsidies.
- HDThoreaun 3y agoThis worked well on Vienna, but government run housing has a very bad rep in this country that imo will make it hard to pull this off. NIMBYism is the biggest obstacle here anyway and it’s largely being pushed by the government which also concerns me. In the end as long as more housing I being built I’ll be happy