The problem with rent control is that it makes rent go up. https://web.stanford.edu/~diamondr/DMQ.pdf …
It's easy to forget that houses are often personal possessions, and the owners are often people, and mandating prices for personal possessions is an odd thing to do in a relatively free society.https://twitter.com/Pass3PsCA/status/1141150034446020608 …
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What’s next, retailers setting their own prices? People leaving jobs for higher pay? An open exchange of goods and services? Ridiculous.
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I would fully agree with this were it not for Prop 13. If we are going to give you a permanent tax subsidy for owning property for a long time, then it seems reasonable to control the cost borne by your renters as well.
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(I would prefer no Prop 13, no rent control, and no homeowner collusion to prevent new building, to be clear)
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Something you may not know: currently, there is no law in California preventing owners of an asset to set prices for its use.
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At scale yes, small time landlords should be able to run their business as they please but it would be a little scary if a corporation somehow owned a majority of 1 bedroom apartments in an area-for example
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Whoa whoa crazy talk!
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Of all the reasons to increase rent “increase our rents as a way to recoup the cost of the repair.” seems like a pretty reasonable one!
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