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eigenrobot's profile
eigenrobot
eigenrobot
eigenrobot
@eigenrobot

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eigenrobot

@eigenrobot

robot. friend.

eigenrobot.substack.com
Joined July 2013

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    eigenrobot‏ @eigenrobot Jun 8

    eigenrobot Retweeted Henry Blodget

    wHo CoUlD hAvE pReDiCtEd ThIshttps://twitter.com/hblodget/status/1402302334525480960 …

    eigenrobot added,

    Henry BlodgetVerified account @hblodget
    Rent control in San Francisco backfired. It led to a 25% reduction in the number of rental apartments — and thereby contributed to skyrocketing "market" rents. https://www.npr.org/sections/money/2021/06/08/1003982733/squalor-behind-the-golden-gate-confronting-californias-homelessness-crisis …
    10:12 PM - 8 Jun 2021
    • 41 Retweets
    • 472 Likes
    • Will Flyte Charlie 🇺🇸 Mike : Random Debris Asian Cuisine Russ Nelson Jakob Graabak Geoworge 🪕 uWu 🪕 Buwush Richard
    20 replies 41 retweets 472 likes
      1. New conversation
      2. Teddy‏ @TeddyRaccovelt Jun 8
        Replying to @eigenrobot

        no no eigen you see this is because we didn't control the rent enough

        4 replies 0 retweets 55 likes
      3. pending‏ @unbor_ Jun 8
        Replying to @TeddyRaccovelt @eigenrobot

        True rent control has never been tried

        0 replies 0 retweets 3 likes
      4. End of conversation
      1. New conversation
      2. 0.005 Seconds To Madness (30/300)‏ @seconds_0 Jun 8
        Replying to @eigenrobot

        Jesus christ like... there are known practices for reducing the cost of housing and yet they did the insane thing know to distort the market away from cost reduction

        3 replies 0 retweets 31 likes
      3. eigenrobot‏ @eigenrobot Jun 8
        Replying to @seconds_0

        tale as old as time

        1 reply 0 retweets 16 likes
      4. Show replies
      1. New conversation
      2. SQUIRREL OF G_D‏ @MadeInMycelium Jun 8
        Replying to @eigenrobot

        Isn't this one of the few economic questions that has near-perfect concensus among informed people?

        9 replies 0 retweets 65 likes
      3. eigenrobot‏ @eigenrobot Jun 8
        Replying to @MadeInMycelium

        yes

        0 replies 0 retweets 27 likes
      4. End of conversation
      1. New conversation
      2. world’s greatest bugdad‏ @bugdad666 Jun 8
        Replying to @eigenrobot

        Rent control is not the problem in SF. The problem is an entrenched bureaucracy that does everything in its power to restrict new building. In the face of this type of rent seeking behavior, rent control is a perfectly fine solution.

        1 reply 0 retweets 1 like
      3. world’s greatest bugdad‏ @bugdad666 Jun 8
        Replying to @bugdad666 @eigenrobot

        When faced with an artificially created vertical supply curve, rent control is a straight transfer. I’m fine with that.

        0 replies 0 retweets 0 likes
      4. End of conversation
      1. New conversation
      2. HappyHillespie‏ @HHillespie Jun 9
        Replying to @eigenrobot

        People keep leaping on this. But it's clearly deliberate. Thomas Sowell used SF losing most of its black population as an example of liberalism not working. You have to consider that there might've been other considerations in the aftermath of the Zebra Murders.

        1 reply 0 retweets 3 likes
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