Re:Stanford paper says rent control is driving up cost of ho...
by rayiner on Monday January 08, 2018 @04:23PM
(#16100723)
Each buyer that refuses to bid on an inner-suburb house drives the market price down by some real, but infinitesimally small, amount. Symbolic, sure, but I can't in good conscience bid some split level in a 1950s Levittown development up to $600k.
Who exactly is being spited here when you waste 10% of your life sitting in a car 'commuting' ?