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A comment on Stanford paper says rent control is driving up cost of housing in San Francisco. Parent comment

Re:Stanford paper says rent control is driving up cost of ho... by carlmr on Tuesday January 09, 2018 @04:23AM (#16104728)
>in SF, it's snapped up within a week, even if the listing price is set above market rate

That makes it the market rate for the apt though. You'd be above market rate if it didn't get rented out in a normal timeframe.

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Re:Stanford paper says rent control is driving up cost of ho... by kelnos on Tuesday January 09, 2018 @12:31PM (#16107907)
No it's not; that's a pretty circular definition. Determining the market rate involves comparisons with similar units in the same neighborhood.
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