4 ms·

Again rent control has no economic basis, and when supply and demand meet rent prices don’t rise anyways.

by arcticbull 2y ago

archagon 2y ago
Labor rights don't have an economic basis, either. Some policies put the human first instead of capital.
- arcticbull 2y ago
  Sure they do. But again when supply and demand meet there’s no use for rent control anyways. Rent control is favoring some people at the expense of everybody else on the basis that they happen to get there early. It’s not a rational policy. It’s the same irrational policy that guarantees existing landowners a massive return. Btw a 2M house in SF these days is a mansion. You can get a 3bed 2bath for like $899K. Take $400K off and you’re cooking with gas. https://www.zillow.com/homedetails/148-Peralta-Ave-A-San-Francisco-CA-94110/2093305961_zpid/ https://www.zillow.com/homedetails/148-Peralta-Ave-A-San-Fra... You can get a 5bed 4bath for $1.8 https://www.zillow.com/homedetails/1959-19th-Ave-San-Francisco-CA-94116/15114771_zpid/ https://www.zillow.com/homedetails/1959-19th-Ave-San-Francis...
  - archagon 2y ago
    > Sure they do. How? Child labor, unbounded workdays and workweeks, hazardous work conditions, hiring discrimination, firing without cause, etc. make complete economic sense. Workers didn't like that very much, though, and so a lot of blood was spilled to win the rights we enjoy today. > But again when supply and demand meet there’s no use for rent control anyways. As I alluded to earlier, a stable market isn't guaranteed to remain that way and will have distortions over time. If a bunch of millionaires suddenly decide that some neighborhood is the place to be, it's unconscionable for long-time renters in that neighborhood to be forced to move out. (Not everyone is a spry 20-something with no pets or dependents, minimal furniture and belongings, ephemeral local ties, and flexible work hours.) Yes, the policy favors existing renters at the expense of new ones. It's difficult for me to see that as unfair or irrational.
    - JumpCrisscross 2y ago
      > Child labor, unbounded workdays and workweeks, hazardous work conditions, hiring discrimination, firing without cause, etc. make complete economic sense No, they don’t. (Where did you read this?) Child labour decreases GDP/capita by compromising education. Hazardous work conditions, meanwhile, chew through a trained workforce. A good example of the competitiveness of good working conditions is a modern air force—they go out of their way to keep pilots safe not because every modern military is made up of nice people, but because there is a competitive advantage to protecting a trained workforce.

Again rent control has no economic basis, and when supply and demand meet rent prices don’t rise anyways.

archagon 2y ago

Labor rights don't have an economic basis, either. Some policies put the human first instead of capital.

arcticbull 2y ago
Sure they do. But again when supply and demand meet there’s no use for rent control anyways. Rent control is favoring some people at the expense of everybody else on the basis that they happen to get there early. It’s not a rational policy. It’s the same irrational policy that guarantees existing landowners a massive return. Btw a 2M house in SF these days is a mansion. You can get a 3bed 2bath for like $899K. Take $400K off and you’re cooking with gas. https://www.zillow.com/homedetails/148-Peralta-Ave-A-San-Francisco-CA-94110/2093305961_zpid/ https://www.zillow.com/homedetails/148-Peralta-Ave-A-San-Fra... You can get a 5bed 4bath for $1.8 https://www.zillow.com/homedetails/1959-19th-Ave-San-Francisco-CA-94116/15114771_zpid/ https://www.zillow.com/homedetails/1959-19th-Ave-San-Francis...
- archagon 2y ago
  > Sure they do. How? Child labor, unbounded workdays and workweeks, hazardous work conditions, hiring discrimination, firing without cause, etc. make complete economic sense. Workers didn't like that very much, though, and so a lot of blood was spilled to win the rights we enjoy today. > But again when supply and demand meet there’s no use for rent control anyways. As I alluded to earlier, a stable market isn't guaranteed to remain that way and will have distortions over time. If a bunch of millionaires suddenly decide that some neighborhood is the place to be, it's unconscionable for long-time renters in that neighborhood to be forced to move out. (Not everyone is a spry 20-something with no pets or dependents, minimal furniture and belongings, ephemeral local ties, and flexible work hours.) Yes, the policy favors existing renters at the expense of new ones. It's difficult for me to see that as unfair or irrational.
  - JumpCrisscross 2y ago
    > Child labor, unbounded workdays and workweeks, hazardous work conditions, hiring discrimination, firing without cause, etc. make complete economic sense No, they don’t. (Where did you read this?) Child labour decreases GDP/capita by compromising education. Hazardous work conditions, meanwhile, chew through a trained workforce. A good example of the competitiveness of good working conditions is a modern air force—they go out of their way to keep pilots safe not because every modern military is made up of nice people, but because there is a competitive advantage to protecting a trained workforce.