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Unpopular opinion: rent controls should be used only in times of drastic changes in housing supply or demand, and have short time limits equal to what it would
by dmckeon 3y ago
Unpopular opinion: rent controls should be used only in times of drastic changes in housing supply or demand, and have short time limits equal to what it would take to resolve a housing crisis. Sudden change in demand or natural disaster destroys 20% of housing stock: 3-5 years of rent control. Otherwise we are just using politics to torque the market, "taking" capital from owners/landlords, and generating non-market incentives for renters. (see: master tenants, secret sub-leases, etc.)
- bombcar 3y agoRent controls should be part of development deals. Imposing them post-development distorts the market and causes weird side effects (people refusing to move even when they “should”, illegal subletting, etc).