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Rent control is the only thing that keeps dozens of my friends in San Francisco. Ages 22-75.
by 650REDHAIR 3y ago
Rent control is the only thing that keeps dozens of my friends in San Francisco. Ages 22-75.
- bombcar 3y agoNobody denies that some people benefit - the question is does society as a whole benefit?
- beej71 3y agoEnough to get the votes, apparently!
- kjksf 3y agoGood for them but how is it just and fair? Why your friends get cheap rents and not my friends who would also like to have cheap apartments in SF? How is it fair that everyone who doesn't have rent controlled apartment is paying more for their apt than they otherwise would, as dictated by supply-demand 101. How is it fair that a private entity (a landlord) subsidies another private entity (renter) under threat of government violence? In any other business context (e.g. selling cars) such rules would be beyond the pale. Can you imagine the government telling Ford that if a buyer meets some criteria Ford has to sell them F-150 at 40% discount? It sounds absurd but this is what rent control is.
- BizarroLand 3y agoYeah, I can, because the flip side of this is that they're already marking up the ford 250%, so when they take the 40% of the new total off they're just getting their normal margins and not their vastly inflated ones that they get to pawn off on others in the name of "ford price control", and everyone else pays those higher prices thinking, "Well, if that guy can afford it, I must be able to also..."