When choosing between the two different kinds of interventions pumping the money supply is much easier politically and has a much better track record of success than price controls
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SF housing prices are related to a lack of supply. If they built apartments to meet demand then everyone would have an affordable place to live. Rich people also are protected by rent control and can exploit the system better. Rent control doesn't add supply, just limits profits.
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Replying to @BenjaminDanard @mattyglesias
Yeah San Francisco is IIRC the market with the most robust rent controls in the country, moreso even than New York This argument is totally backwards
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I'm no libertarian but I mean some questions really can be answered by Econ 101 The fact that when you take an extremely narrowly targeted blunt instrument to a problem like price controls for one specific good, you just push up prices a bunch of other places is obvious
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The result of SF rent control in particular is obvious It DOES force the little pellets to move elsewhere, because regardless of how much rent you're paying, there just aren't any apartments Then the rent goes up in those other places
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