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Check out Minneapolis vs St Paul building permits before and after St Paul imposed rent control. Same geographic area with roughly the same demographics. All e
by bequanna 2y ago
Check out Minneapolis vs St Paul building permits before and after St Paul imposed rent control. Same geographic area with roughly the same demographics.
All else equal, rent control discourages investment in housing.
If the government wants to create more housing supply themselves and charge some capped rental amount, I am cool with that. But please don’t tell private property owners what they can charge.
- quickthrowman 2y agoSt Paul’s rent control was incredibly stupid, it’s not even indexed to inflation. The market was flooded with landlords selling duplexes annd anpartment buildings and developers canceled projects. I voted against it, and I’m currently renting. St Paul had a more affordable rental market than MPLS, too.