Without adding density, it’s a disaster.
California's new statewide rent control exempts buildings less than 15 years old - creating additional economic incentive to replace older buildings with more expensive apartments. Do people not think about this stuff at all? https://www.nytimes.com/2019/09/11/business/economy/california-rent-control.html …pic.twitter.com/gFrRx6EOMP
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My guess is this is pretty carefully through through and the consequences are intended
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Yeah I was coming here to post this
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I think that people who deal with complex systems have seen first hand how what seemed like a simple solution caused a complex set of reactions such that some unforeseen behavior emerged. I think most people think that their intentions will be carried out.
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No. They don't.
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They’re all PhDs, lifelong students with no real world experience. Theory, theory, theory...
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Most of these older buildings you're talking about are properties or land sites that are not feasible economically to redevelop. For instance, you likely are limited in height and have parking requirements that would force you to develop subterranean (costs would explode)
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The left doesn't really understand incentives period
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Seems better than the right who doesn’t understand.
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