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
-
-
Maybe I add outrageous key fees. Maybe I never repair the place. Maybe I only rent to ethnicity groups I like. What does it cost me? I'm not giving up any money by treating my tenants poorly. They're all paying below market.
-
You can try to outlaw these things but in practice this is impossible Even if you succeeded the response would be decaying and never-replenished housing stock, since landlords would have no incentive to keep places up to attract tenants, and no expectation of profit on new units
-
On these points, I direct you to the experience of renting in New York and San Francisco.
End of conversation
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