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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with the right set of policies the slope is undefined in the medium term
End of conversation
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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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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/ …
End of conversation
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