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Rent control? New York tried that, it didn't go so well. http://online.wsj.com/article/SB122126309241530485.html http://online.wsj.com/article/SB122126309241530
by HunterV 13y ago
Rent control? New York tried that, it didn't go so well.
http://online.wsj.com/article/SB122126309241530485.html http://online.wsj.com/article/SB122126309241530485.html
- vidarh 13y agoI don't see any evidence in that piece of how it "didn't go so well". What I see is sentence after sentence that indicates that there are too few apartments available at reasonable prices. That might be exacerbated by low rents and distorted incentives, but how would it help if more flats were built because prices were high enough to make it attractive? It might be a demonstration that rent control without appropriate planning controls doesn't work so well. But that's a very different claim.
- encoderer 13y agoOh, of course. In addition to strong rent controls we need better central planning of the real estate economy. Very good ideas, comrade.