If You Can’t Afford the Rent, It’s My Problem, Too

Re:If You Can’t Afford the Rent, It’s My Problem, Too by crdoconnor on Wednesday March 27, 2019 @06:56PM (#19507068)

>No, rent control also redistributes the burden of rising rental costs from people who have rent control to people who don't

Supply of apartments and demand for apartments doesn't suddenly change under rent control so no, there's no market pressure making non rent controlled apartments more expensive hence there is no redistribution between renters.

Lucky renters get below market rate and unlucky renters get market rate.

There is only re-redistribution from rentiers (landlords) back to renters. 1% -> 99%.

I don't think rent control is the best solution for the housing crisis (100% LVT ftw) but it's intellectually dishonest to pretend that it hurts renters. It never has and it never will.

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Re:If You Can’t Afford the Rent, It’s My Problem, Too by kelnos on Thursday March 28, 2019 @04:33AM (#19510355)

> Supply of apartments and demand for apartments doesn't suddenly change under rent control

Yes it absolutely does. Demand doesn't change, but supply is artificially reduced because people with rent control are less likely to want to (or be able to) move out.

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Re:If You Can’t Afford the Rent, It’s My Problem, Too by crdoconnor on Thursday March 28, 2019 @07:17AM (#19511051)

People who don't move out aren't increasing supply but they also arent competing with other people seeking new apartments so they aren't increasing demand either. It's net neutral.

Unless you're talking about the people forced on to the street or out of the city entirely by rising rents...?

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