4 ms·

So what? Why do you think you should get to live somewhere highly desireable at a below market rate?

by meddlepal 12y ago

deleted 12y ago
[deleted]
- remarkEon 12y ago
  You are conflating two very, very different issues.
- joeclark77 12y ago
  Surely you jest.
- s0uthPaw88 12y ago
  You are correct that removing rent control would not completely solve the problem. The underlying reason for the increase in rent prices (and thus the need for rent control) is that there is a fixed supply of housing. The city has strict zoning laws that have limited the ability to build up[1]. Without a way to increase the supply of housing the only way for the market to reach equilibrium is for prices to rise. So to make prices reasonable, both zoning laws and rent control will have to be reworked. (1)http://www.slate.com/blogs/moneybox/2013/04/11/san_francisco_zoning_needs_more_density_and_tall_buildings.html http://www.slate.com/blogs/moneybox/2013/04/11/san_francisco...
phil248 12y ago
Many people think they should be able to live in a place they can afford with the reasonable expectation that it will be their home for the foreseeable future. Many benefits, to both the economy and society at large, come from ensuring the populace in general is able to find stable housing. While San Francisco's rent control may be too stringent for its own good, there are many reasons to support a more reasonable rent stabilization policy in a jurisdiction with unstable rental prices.
- nedwin 12y ago
  Rent control increases the pressure on the housing market by increasing the price of rent for non-rent controlled properties and reducing incentives to create more supply. Brief overview from Krugman from 2000 but plenty more research out there on the topic. http://www.nytimes.com/2000/06/07/opinion/reckonings-a-rent-affair.html http://www.nytimes.com/2000/06/07/opinion/reckonings-a-rent-...
- meddlepal 12y ago
  That's when you purchase property and stop being a renter. As a renter you should have no expectations of being able to live somewhere beyond the length of your lease. The problem is San Francisco and many other cities haven't encouraged developers enough to build housing to make ownership an affordable option.

So what? Why do you think you should get to live somewhere highly desireable at a below market rate?

deleted 12y ago

[deleted]

remarkEon 12y ago
You are conflating two very, very different issues.
joeclark77 12y ago
Surely you jest.
s0uthPaw88 12y ago
You are correct that removing rent control would not completely solve the problem. The underlying reason for the increase in rent prices (and thus the need for rent control) is that there is a fixed supply of housing. The city has strict zoning laws that have limited the ability to build up[1]. Without a way to increase the supply of housing the only way for the market to reach equilibrium is for prices to rise. So to make prices reasonable, both zoning laws and rent control will have to be reworked. (1)http://www.slate.com/blogs/moneybox/2013/04/11/san_francisco_zoning_needs_more_density_and_tall_buildings.html http://www.slate.com/blogs/moneybox/2013/04/11/san_francisco...

phil248 12y ago

Many people think they should be able to live in a place they can afford with the reasonable expectation that it will be their home for the foreseeable future. Many benefits, to both the economy and society at large, come from ensuring the populace in general is able to find stable housing. While San Francisco's rent control may be too stringent for its own good, there are many reasons to support a more reasonable rent stabilization policy in a jurisdiction with unstable rental prices.

nedwin 12y ago
Rent control increases the pressure on the housing market by increasing the price of rent for non-rent controlled properties and reducing incentives to create more supply. Brief overview from Krugman from 2000 but plenty more research out there on the topic. http://www.nytimes.com/2000/06/07/opinion/reckonings-a-rent-affair.html http://www.nytimes.com/2000/06/07/opinion/reckonings-a-rent-...
meddlepal 12y ago
That's when you purchase property and stop being a renter. As a renter you should have no expectations of being able to live somewhere beyond the length of your lease. The problem is San Francisco and many other cities haven't encouraged developers enough to build housing to make ownership an affordable option.