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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 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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