12 ms·
> keeps thousands of units vacant > have the well know effect of reducing supply This critique seems rather incoherent.
by kaonashi 13y ago
> keeps thousands of units vacant
> have the well know effect of reducing supply
This critique seems rather incoherent.
- spikels 13y agoMany SF landlords have voluntarily removing units unit from the market by simply not rerenting after they become vacant because of all the hassles of rent control. This is one of several way that rent control reduces the number of units available for occupancy, known as "supply". Understand? I'd not, I suggest reading any basic economics text. Rent control in standard economic theory http://homepages.wmich.edu/~u5nwaogu/Overhead/Chapter%206%20-%20Supply,%20Demand,%20and%20government%20policies.pdf http://homepages.wmich.edu/~u5nwaogu/Overhead/Chapter%206%20... Rent control in practice in SF http://www.nytimes.com/2013/06/07/opinion/king-of-my-castle-yeah-right.html?_r=1& http://www.nytimes.com/2013/06/07/opinion/king-of-my-castle-... http://mjperry.blogspot.com/2011/05/because-of-rent-control-sf-has-31000.html http://mjperry.blogspot.com/2011/05/because-of-rent-control-...
- kaonashi 13y agoThe second link you posted made no reference to rent control. The third made a lot of noise about rent control, but then cited another article which, again, made no reference to the practice.