Re:California Approves Statewide Rent Control
by tmh79 on Wednesday September 11, 2019 @10:19PM
(#20947147)
"The answer is still more housing to lower the overall price of housing." I am not arguing against that at all, but if we decide to go extreme SB50 style urbanize California we wouldn't see real price impacts for maybe 5 years at the earliest. What are we supposed to do between now and then, just accept 15% YoY rent increase?
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Re:California Approves Statewide Rent Control
by jethro_tell on Thursday September 12, 2019 @12:16AM
(#20947913)
IF this was passed at the same time as laws that allow more housing and tapered off after the expected return of more houses, I'd be fine with it. But as it stands now, the idea of rent control until more housing is a pipe dream since the more housing part never seems to come.
The studies are clear, rent control is a benefit to a few but long term doesn't really add much value and instead makes the market stagnate in funny ways.