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A comment on Housing Can’t Be Both Affordable and a Good Investment (2018). Parent comment

Re:Housing Can’t Be Both Affordable and a Good Investment (2... by njepa on Thursday May 02, 2019 @09:50AM (#19807873)
It is essentially never how it works. Why would you actively regulate something so people can't move? It is when you abandon rent control that the systems become incompatible and people can't move.
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Re:Housing Can’t Be Both Affordable and a Good Investment (2... by i_am_proteus on Thursday May 02, 2019 @10:31AM (#19808274)
It's not "so people can't move," inflexibility is a side effect of rent control. The "I can't move because I'm locked into a rent-stabilized lease" phenomenon is real, painfully so in NYC.

It's also a problem that's essentially invisible to anyone who bought into the market at a good price, or is wealthy enough to pay market-rate rents. But for the rest of us, it hurts.

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Re:Housing Can’t Be Both Affordable and a Good Investment (2... by njepa on Thursday May 02, 2019 @11:06AM (#19808641)
As far as I can tell that is exactly because they abandoned rent stabilization making that market incompatible as it now only applies to certain units and triggers rent increases when you move.
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