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It’s a feature in two ways. The first way, as the author point out, it directly disincentivizes developers from building new homes. The second way is more insi

It’s a feature in two ways. The first way, as the author point out, it directly disincentivizes developers from building new homes. The second way is more insidious: it gives politicians, typically progressive politicians, the needed cover to claim they are addressing high rents, while they continue to support the real driver of housing costs: restrictive zoning that bans new construction and leads to supply shortages. Inclusionary zoning operates in a similar manner.

pydry 2y ago
The fastest level of homebuilding in NYC was in the 1950s. Strictest rent control? Also 1950s. Rent control also reduces property prices which reduces NIMBYism. People are less inclined to fight new development when they arent up to their eyeballs in debt and 60% of their net worth isnt on the line. It's not property supply that suffers most from rent control. It's the ever increasing streams of unearned income going towards largely the same people fighting new development.
- brigadier132 2y ago
  https://marginalrevolution.com/marginalrevolution/2024/07/rent-control-2.html https://marginalrevolution.com/marginalrevolution/2024/07/re... The evidence is in the article. So please don't come in here with your cherry picked data to try to claim something that is already widely known to be false.
  - pydry 2y ago
    [flagged]
    - gruez 2y ago
      >The "evidence" is a link to one paper stuck behind a paywall ??? I got a cloudflare captcha but after that it loads the full paper. Even the pdf download is free. >which is probably trash. Im not in the mood to thrown down money to read trash. In what world is a study that analyzes 206 papers, published across 5 decades "trash", but a n=1 anecdote is somehow not? >He also references the theory that raising the minimum wage increases unemployment, which is very popular among neoliberal economists but has been comprehensively debunked (c.f. dube, lester, reich for the economically literate). see https://slatestarcodex.com/2014/12/12/beware-the-man-of-one-study/ https://slatestarcodex.com/2014/12/12/beware-the-man-of-one-..., section II.
      - BenFranklin100 2y ago
        > In what world is a study that analyzes 206 papers, published across 5 decades "trash", but a n=1 anecdote is somehow not? In the world of rent control advocates apparently.
- alephnerd 2y ago
  > The fastest level of homebuilding in NYC was in the 1950s. Strictest rent control? Also 1950s NYC's (as well as those in other American cities like Boston, Detroit, and San Francisco) massive development push in the 1950s was also infamous for using eminent domain to do this mass construction at the expense of African American neighborhoods - and displaced African American residents were not resettled in these projects [0][1][2][3] It's easy to build fast if you're taking land away from disenfranchised communities who have no ability to push back. [0] - https://www.bostonreview.net/articles/brent-cebul-tearing-down-black-america/ https://www.bostonreview.net/articles/brent-cebul-tearing-do... [1] - https://www.bloomberg.com/news/articles/2017-07-09/robert-moses-and-his-racist-parkway-explained https://www.bloomberg.com/news/articles/2017-07-09/robert-mo... [2] - https://m.youtube.com/watch?v=MVcjHygDTLw https://m.youtube.com/watch?v=MVcjHygDTLw [3] - https://m.youtube.com/watch?v=T8Abhj17kYU https://m.youtube.com/watch?v=T8Abhj17kYU

pydry 2y ago

The fastest level of homebuilding in NYC was in the 1950s. Strictest rent control? Also 1950s. Rent control also reduces property prices which reduces NIMBYism. People are less inclined to fight new development when they arent up to their eyeballs in debt and 60% of their net worth isnt on the line. It's not property supply that suffers most from rent control. It's the ever increasing streams of unearned income going towards largely the same people fighting new development.

brigadier132 2y ago
https://marginalrevolution.com/marginalrevolution/2024/07/rent-control-2.html https://marginalrevolution.com/marginalrevolution/2024/07/re... The evidence is in the article. So please don't come in here with your cherry picked data to try to claim something that is already widely known to be false.
- pydry 2y ago
  [flagged]
  - gruez 2y ago
    >The "evidence" is a link to one paper stuck behind a paywall ??? I got a cloudflare captcha but after that it loads the full paper. Even the pdf download is free. >which is probably trash. Im not in the mood to thrown down money to read trash. In what world is a study that analyzes 206 papers, published across 5 decades "trash", but a n=1 anecdote is somehow not? >He also references the theory that raising the minimum wage increases unemployment, which is very popular among neoliberal economists but has been comprehensively debunked (c.f. dube, lester, reich for the economically literate). see https://slatestarcodex.com/2014/12/12/beware-the-man-of-one-study/ https://slatestarcodex.com/2014/12/12/beware-the-man-of-one-..., section II.
    - BenFranklin100 2y ago
      > In what world is a study that analyzes 206 papers, published across 5 decades "trash", but a n=1 anecdote is somehow not? In the world of rent control advocates apparently.
alephnerd 2y ago
> The fastest level of homebuilding in NYC was in the 1950s. Strictest rent control? Also 1950s NYC's (as well as those in other American cities like Boston, Detroit, and San Francisco) massive development push in the 1950s was also infamous for using eminent domain to do this mass construction at the expense of African American neighborhoods - and displaced African American residents were not resettled in these projects [0][1][2][3] It's easy to build fast if you're taking land away from disenfranchised communities who have no ability to push back. [0] - https://www.bostonreview.net/articles/brent-cebul-tearing-down-black-america/ https://www.bostonreview.net/articles/brent-cebul-tearing-do... [1] - https://www.bloomberg.com/news/articles/2017-07-09/robert-moses-and-his-racist-parkway-explained https://www.bloomberg.com/news/articles/2017-07-09/robert-mo... [2] - https://m.youtube.com/watch?v=MVcjHygDTLw https://m.youtube.com/watch?v=MVcjHygDTLw [3] - https://m.youtube.com/watch?v=T8Abhj17kYU https://m.youtube.com/watch?v=T8Abhj17kYU