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benedictevans's profile
Benedict Evans
Benedict Evans
Benedict Evans
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@benedictevans

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Benedict EvansVerified account

@benedictevans

Trying to work out what's going on, and what happens next. Mostly tech.

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ben-evans.com
Joined March 2007

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    Benedict Evans‏Verified account @benedictevans 15 Jun 2019

    Benedict Evans Retweeted Damon Jones

    Again - rent control causes higher rents. Such an interesting (and painful) example of the ways people fail to think about markets as organic and interconnected systems, where any change will have multiple consequenceshttps://twitter.com/nomadj1s/status/924025838940516357 …

    Benedict Evans added,

    Damon Jones @nomadj1s
    Very nice paper @nberpubs public econ meeting on Rent Control Rebecca Diamond, Timothy McQuade, Franklin Qian http://www.nber.org/confer//2017/PEf17/Diamond_McQuade_Qian.pdf … 1/N pic.twitter.com/nt4hUqwejk
    Show this thread
    5:13 PM - 15 Jun 2019
    • 81 Retweets
    • 317 Likes
    • Holly Elley Robin Landy Sid Sijbrandij Florin Cnejevici Jeff Nolan Jotto 🔍 Shane Agnew Luca Dellanna Stephan Baasch - stbaasch.eth
    16 replies 81 retweets 317 likes
      1. New conversation
      2. Kevin Hillstrom‏ @minethatdata 15 Jun 2019
        Replying to @benedictevans

        What would you offer as an alternative and better solution?

        1 reply 0 retweets 1 like
      3. Not Fake Adam Kalsey‏ @akalsey 15 Jun 2019
        Replying to @minethatdata @benedictevans

        Eliminating regulations that make it hard for people to build housing has the surprising effect of allowing people to build housing. Then our old friends supply and demand take over and housing prices fall. The darling example of this right now is Tokyo.

        1 reply 0 retweets 6 likes
      4. Show replies
      1. New conversation
      2. Phil Wolff 狼爱马‏ @evanwolf 15 Jun 2019
        Replying to @benedictevans

        It's one of those if games. if capital was free and new building development was frictionless and usable land was infinite... unless you know the questions to askand how things comprises a dynamic system, kinda screwed.

        1 reply 0 retweets 1 like
      3. Phil Wolff 狼爱马‏ @evanwolf 15 Jun 2019
        Replying to @evanwolf @benedictevans

        Maxis SimCity alumni tried to help policy makers (and voters) grasp their levers with SimHealth. Kinda worked but relating to realworld consequences nixed the fun. https://en.wikipedia.org/wiki/SimHealth  https://www.myabandonware.com/game/simhealth-2am …https://www.youtube.com/watch?v=-F-H0GwsZPk …

        0 replies 0 retweets 1 like
      4. End of conversation
      1. Tonio Loewald‏ @podperson 15 Jun 2019
        Replying to @benedictevans

        The problem with rent control as a policy idea is that it: a) offers short term benefits to lots of people in an easily understood way b) offers an opportunity for “virtue signaling” by candidates who weren’t going to win support from the immediate victims

        0 replies 0 retweets 0 likes
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      1. New conversation
      2. Farooq Butt‏ @fmbutt 15 Jun 2019
        Replying to @benedictevans

        Economics operates in the long term, politics in the next half minute.

        1 reply 1 retweet 5 likes
      3. Farooq Butt‏ @fmbutt 15 Jun 2019
        Replying to @fmbutt @benedictevans

        And this is why libertarian policies that promote long term market solutions are toast unless the wheels are off the wagon.

        0 replies 0 retweets 0 likes
      4. End of conversation
      1. Yunus‏ @yu1us 15 Jun 2019
        Replying to @benedictevans

        Fair rent control for landlords is okay but governments must make sure to incentivise them by providing the landlords some tax benefits and other reliefs, so as they don’t switch from renting to other modes like stays and condos. Otherwise nobody wants to make less money!

        0 replies 0 retweets 0 likes
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      1. Paul Mohme‏ @pmohme 15 Jun 2019
        Replying to @benedictevans

        Best way to think about the issue: any given market for rental RE will generate market rate rent in the aggregate. Fixing the rate of a portion of the units in said market just increases rent paid by the rest.

        0 replies 0 retweets 0 likes
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      1. New conversation
      2. Rudo‏ @AG_Rudo 16 Jun 2019
        Replying to @benedictevans

        What about the State competing like in the case of Helsinki? "Helsinki owns 60,000 social housing units; one in seven residents live in city-owned housing. It also owns 70% of the land within the city limits, runs its own construction company."

        1 reply 0 retweets 2 likes
      3. Rudo‏ @AG_Rudo 16 Jun 2019
        Replying to @AG_Rudo @benedictevans

        They also have restrictions: "housing mix to limit social segregation: 25% social housing, 30% subsidised purchase, and 45% private sector."

        0 replies 0 retweets 0 likes
      4. End of conversation

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