Once upon a tech TechCrunch did an amazing write-up on San Fran housing issues. One of my favorite points was the following cascaded issue caused my rent control.
1) Rent control keeps rent prices down
2) This leads to matching controlled property tax
3) This incentivizes small cities to prefer uncontrolled commercial zoning over controlled residential.
4) Which means smaller cities have way too much commercial space and not nearly enough residental.
Oh what a tangled web we weave when we practice to artificially constrain rents. Wait. I think I did that wrong. Ah well. Close enough!
1) Rent control keeps rent prices down 2) This leads to matching controlled property tax 3) This incentivizes small cities to prefer uncontrolled commercial zoning over controlled residential. 4) Which means smaller cities have way too much commercial space and not nearly enough residental.
Oh what a tangled web we weave when we practice to artificially constrain rents. Wait. I think I did that wrong. Ah well. Close enough!