A study out of Stanford finds that a local rent control law benefited tenants in controlled units, but undermined the overall supply of affordable rental housing: http://ow.ly/fNpP30iqpVP via @ndelgadillo07
Given that this country is based on nearly a millennium of common law tradition from England, strong property rights over many centuries and that there is open internal domestic migration inside the US, how could one do an empirical study of that here?
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True but I don't think you need a study to see how universal price caps would keep prices low. If conditions become uninhabitable, empower tenants with legal recourse. If landlords can't afford it, the govt should take over. If the govt can't afford it raise taxes.
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This was an empirical study of a specific legal change that happened 20+ years ago in SF. No equivalent situation exists to do anything beyond a theoretical study of what you are talking about.
End of conversation
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The history of domestic migration and property rights in the US is a lot more mixed up and not-free than you're asserting right here though.
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I just think the US is not culturally, legally or institutionally capable of what she is hypothesizing about. Maybe some other future nation state that is not the US but we are here....
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