>Rent control discourages building more units.
Yet the strictest rent controls went hand in hand with the fastest homebuilding spree in 1950s NYC.
It clearly didnt discourage that much. Maybe it didnt discourage it at all?
Or maybe it does a bit but is eclipsed by the effect of, say, NIMBY landlords inhibiting development, hellbent on staying above water on their eyewatering SF mortgage.
>Rent control can decrease efficiency of living situations. You can imagine an old woman living alone in a 3 bedroom unit with rent control because it would be more expensive for her to move to a smaller unit.
I can imagine. She could get priced out of the city entirely I suppose.
It seems to me that if the market rate is intent on 10x'ing her rent maybe it's the market that should be forced to adjust first, not her.
More home building. Higher property taxes. Rent control while the effects kick in.
Yet the strictest rent controls went hand in hand with the fastest homebuilding spree in 1950s NYC.
It clearly didnt discourage that much. Maybe it didnt discourage it at all?
Or maybe it does a bit but is eclipsed by the effect of, say, NIMBY landlords inhibiting development, hellbent on staying above water on their eyewatering SF mortgage.
>Rent control can decrease efficiency of living situations. You can imagine an old woman living alone in a 3 bedroom unit with rent control because it would be more expensive for her to move to a smaller unit.
I can imagine. She could get priced out of the city entirely I suppose.
It seems to me that if the market rate is intent on 10x'ing her rent maybe it's the market that should be forced to adjust first, not her.
More home building. Higher property taxes. Rent control while the effects kick in.