Good morning from Rent Control Day at the Capitol — the housing equivalent of the single-payer healthcare
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I don’t like any framing that presupposes that rent control is good. This is NOT like single payer.
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It's more complicated than what it looks like at face value. Many instruments around American homeownership such as the 30-year fixed-rate mortgage & Prop. 13 are govt distortions to enable price stability on housing costs.
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Why is that? Is it that rent control will lead some landlords to get out of the business because they can't make as much money on their properties, or it would reduce building, or both? Do we have evidence supporting that?
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I haven't read enough anti rent control arguments to be well informed on this, so I want to make sure I understand. What are some good sources I should read?
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