3 ms·
Rent control doesn't discourage investment in real estate in sf, because crucially, no new construction is rent controlled.
by x0x0 12y ago
Rent control doesn't discourage investment in real estate in sf, because crucially, no new construction is rent controlled.
- jvm 12y agoRent control prevents existing rent controlled properties from being redeveloped (e.g. to increase capacity). Of course, in the SF context that might also be impossible due to zoning/nimby opposition, but it is one huge factor.