Do you live in a district with rent control? If you do, are
not very wealthy? (That is to say, are you unable to spend $2 million purchasing housing for yourself or your family?) Finally, are you a landlord?
If the answers to the first two questions are "yes", and the last question is "no", then I'm actually quite interested in hearing your thoughts on rent control. :)
I live in San Francisco [0], am not wealthy, and am trapped in my rent-controlled apartment by the skyrocketing rents of the non-rent-controlled (and reset-to-market-rate-after-vacancy) units around me. If it weren't for rent control, every rental in the city would be renting for at least $3000 per bedroom per month, [1] and I would have been pushed out of the city more than a year ago.
[0] SF has a serious and inexplicable allergy to new housing construction. It is this refusal to build enough housing to meet even a fraction of housing demand that is the source of the obscene rents in the city.
[1] That's at least $36,000 post-tax dollars a body must spend per bedroom per year. For reference, someone grossing $125k/year has ~$76k in post-tax dollars at their disposal. This means that someone making low six figures would be spending somewhere around half of their take-home pay on rent.
If the answers to the first two questions are "yes", and the last question is "no", then I'm actually quite interested in hearing your thoughts on rent control. :)
I live in San Francisco [0], am not wealthy, and am trapped in my rent-controlled apartment by the skyrocketing rents of the non-rent-controlled (and reset-to-market-rate-after-vacancy) units around me. If it weren't for rent control, every rental in the city would be renting for at least $3000 per bedroom per month, [1] and I would have been pushed out of the city more than a year ago.
[0] SF has a serious and inexplicable allergy to new housing construction. It is this refusal to build enough housing to meet even a fraction of housing demand that is the source of the obscene rents in the city.
[1] That's at least $36,000 post-tax dollars a body must spend per bedroom per year. For reference, someone grossing $125k/year has ~$76k in post-tax dollars at their disposal. This means that someone making low six figures would be spending somewhere around half of their take-home pay on rent.