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.
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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
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On these points, I direct you to the experience of renting in New York and San Francisco.
End of conversation
New conversation -
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This already happens no matter what the unit pricing, which is why housing regs exist in the first place. The enforceability is a choice cities make. However at the moment, what you get, is landowners false evicting their tenants, so they can jack prices or build condos.
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I think this response supports my claims tbqh
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Those are all lateral problems, and fixing them is not the same as fixing density or pricing. We're not just gonna ignore redlining cause rent control exists.
End of conversation
New conversation -
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