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A comment on California Approves Statewide Rent Control. Parent comment

Re:California Approves Statewide Rent Control by macspoofing on Thursday September 12, 2019 @05:34AM (#20949629)
No. They let population growth take care of that while they decide not to invest in rental properties.

Your flippant argument can be flipped around too. If there is a housing shortage, by what mechanism does rent control conjure new housing units?

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Re:California Approves Statewide Rent Control by falsedan on Thursday September 12, 2019 @11:10AM (#20952338)
who the what now

my point is, vanishing landlord or no, the units remain

[ Parent | on HN ]
Re:California Approves Statewide Rent Control by macspoofing on Thursday September 12, 2019 @05:03PM (#20956432)
>my point is, vanishing landlord or no, the units remain

Still wrong:

1) Apartments get converted to condos, or re-purposed because the property has value, but renting doesn't.

2) The population keeps growing meaning that your same number of units don't meet the needs.

3) Rental supply also drops as people opt not to move and sit on their rent-controlled apartments, limiting the supply for those looking.

This is why rent-control has the effect of making housing worse, even if the rental supply is maintained.

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Re:California Approves Statewide Rent Control by falsedan on Friday September 13, 2019 @07:06AM (#20960988)
> Still wrong:

ah, ok, they eat them. thanks for clearing that up

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Re:California Approves Statewide Rent Control by macspoofing on Friday September 13, 2019 @11:34AM (#20963025)
You do realize there is a second, third, and even a fourth line (and more) after this first line.
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Re:California Approves Statewide Rent Control by falsedan on Monday September 16, 2019 @06:24AM (#20982651)
oh yeah, I see them. thanks for clearing that up
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