3 ms·

Rent control is bad for the price of rent

• rmxt 11y ago
  Sincere question: bad from whose perspective? How do you balance these perspectives? Real estate regulation in its current form, especially in NYC, derives from the legacy of over-crowded tenements and massive blocks of slums. Sure, the overall quality of life has improved in NYC due to building codes and public sanitation, but totally removing rent "controls" (the general term, not the NYC term) seems like a slide towards poorer living conditions for the lower and middle classes.