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So let’s get this straight: Parents pass down rent controlled appartment $1300/m = horror Parents pass doen paid off owned appartment $0/m = meh This is just

So let’s get this straight: Parents pass down rent controlled appartment $1300/m = horror Parents pass doen paid off owned appartment $0/m = meh This is just a transfer of wealth between 2 people: the apartment owner got less wealthy and the rent control inheritor got more wealthy. It is about as shocking as someone inheriting anything at all.

sokoloff 3y ago
If you want to see more housing created, instituting economic policies/conditions that support and reward that creation is probably going to work out better than policies that do the opposite. I can’t see any way that passing down non-market rate rent does that. Passing a property to my kids requires me to have bought it previously (rewarding the creator of it, either directly or indirectly via a chain of transactions).