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The general response from economists seems to be that rent control suppresses growth in the supply of housing that could otherwise address the cost of housing.
by Kalium 12y ago
The general response from economists seems to be that rent control suppresses growth in the supply of housing that could otherwise address the cost of housing.
- lukeschlather 12y agoZoning suppresses growth in the supply of housing. Of course, that doesn't mean that zoning is bad by definition. Instead of artificially keeping building height low, you could mandate new buildings have at least so many stories. San Francisco's problem seems to be that they can't possibly build enough housing to meet market demands without revising zoning restrictions in ways that would make current home owners angry.
- deleted 12y ago[deleted]
- Kalium 12y agoYou are right and I wasn't thinking things through. Still, I submit that fears of extending rent control to new construction add to the problems caused by zoning.
- tptacek 12y agoZoning also suppresses growth in the supply of housing, but so does rent control. People don't build apartment buildings out of altruism.