say it with me:
BUILDING
APARTMENTS
WITHOUT
CONTROLS
ON
THE
RENTS
OF
THOSE
APARTMENTS
ONLY
ENRICHES
DEVELOPERS
AND
DOES
NOT
DRIVE
DOWN
RENTS
thinking that it does is some neolib "free market" bullshit
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hi I'm a machinist and I expect my government to regulate out of control markets that are hurting people, even if it makes rich people slightly less rich
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i agree that housing costs are much higher than they need to be and share your stated goal of fixing this problem i am only suggesting that your proposed solution will not lead to the end you desire and in fact will backfire Spectacularly, and poor people will bear the cost
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doing the opposite hasn't exactly served us well, forgive me if I disregard conventional wisdom here, because it seems to be constructed entirely to maintain a status quo that is unbearable to the lower 1/3rd or so of the economy
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totally--it's awful! and I shout my lungs out about it daily the take from my angle is not: landlords greedy vs not, take greed as a constant over time and judge as you like but house prices are skyrocketing mostly because it's nigh-impossible to build more housing where needed
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How is building luxury a requirement for building denser? Denser is already more profitable, without having to displace the current demographic of a neighborhood. The density strawman is from rich landowners blocking building in their neighborhoods in the first place.
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The driver of housing prices is not luxury but simple scarcity of square footage. Consider: $3000 will get you a decaying closet in Manhattan or a palace in St. Cloud, MN Luxury condos in historically poor neighborhoods are gross aesthetically but not the root problem
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Yes, and you cure pricing by rent controlling, which is the point. You're replacing a lottery system with a highest bidder system (i.e. rich only) when you remove rent control. This is lateral to density.
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Oh no Rent control is still a highest bidder system but instead of competition on price you compete on other margins "I have eighty tenants who want every unit. Why should I choose you? What can you offer me that others can't?"
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Oh yeah? If you’re such a “housing economist” I bet you can’t even tell that guy which way the supply curve slopes
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with the right set of policies the slope is undefined in the medium term
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I’ve asked dozens of housing economists to name ONE City where rent control empirically affected housing development. None can. They say zoning and govt incentives have the largest effect. Rent control = none.
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This is the most prominent housing researcher in Canada:https://torontoist.com/2017/10/rent-control-vs-housing-supply-debate-landlords-developers-want-us/ …
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