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> I have mixed feelings around rent controls, though. In a healthy, competitive market they should be unnecessary over the long term, but if cities are going to
by robertlagrant 2y ago
> I have mixed feelings around rent controls, though. In a healthy, competitive market they should be unnecessary over the long term, but if cities are going to restrict housing construction...
They're a (terrible-outcome-causing) band aid over a combination of too many people and not enough construction.
- worik 2y agoRent controls work in many cities around the world A simple cap on rent does not work, true. But comprehensive policies to keep rent down and local people housed, can work
- robertlagrant 2y ago> policies to keep rent down and local people housed, can work For sure - making sure demand doesn't massively for housing exceed supply of housing is all you need.
- simoncion 2y ago> They're a (terrible-outcome-causing) band aid... Look into California's state-wide property tax control law commonly known as Proposition 13. Then look into California's anti-rent-control law commonly known as Costa-Hawkins. I do agree that rent control should never, ever have a reason to exist. But sometimes there are super fucked-up situations on the ground that make rent control better than not having it.