Rent control will make housing shortages worse?

Re:Rent control will make housing shortages worse? by tomc1985 on Thursday September 19, 2019 @11:22PM (#21023061)

You say that but the vast majority of housing being built in CA is "luxury" accommodations. Luxury homes, luxury apartments, luxury condos. Nothing else justifies the cost of land, the developers say, and hence nothing else gets built. Meanwhile short-term rentals are cannibalizing existing housing stock. I was born here, and like hell would I tolerate some random fuck telling me I'm not entitled to live here.

You're saying the only people entitled to live on desirable land are wealthy assholes coming from afar? "I'm sorry, the only place you're entitled to live at your income level is that shithole next to the meatpacking/chemical/whatever plant. Why are you complaining? You can live with all your other equally-abled friends!"

This is how you create ghettos.

[ Parent | on HN ]

Re:Rent control will make housing shortages worse? by chronic71819 on Thursday September 19, 2019 @11:27PM (#21023092)

> You're saying the only people entitled to live on desirable land are wealthy assholes coming from afar?

Rich or poor, asshole or not asshole: No one is entitled to live anywhere.

There is only a market price. That's all.

[ Parent | on HN ]

Re:Rent control will make housing shortages worse? by tomc1985 on Thursday September 19, 2019 @11:28PM (#21023095)

Means is a form of entitlement. Free market economics creates massive inequality. That's the whole issue at stake here.

[ Parent | on HN ]

Re:Rent control will make housing shortages worse? by chii on Friday September 20, 2019 @01:58AM (#21023665)

But the other side of the argument is that if somebody worked hard, and obtained monies, they should be able choose where to live using said monies. If i found out that wealth gained means nothing, and that the 'mob' penalizes wealth, then people would tend to create less wealth. Would society be worse off then?

[ Parent | on HN ]

Re:Rent control will make housing shortages worse? by tomc1985 on Friday September 20, 2019 @12:41PM (#21028623)

I don't know but Europe seems to be doing OK

[ Parent | on HN ]

Re:Rent control will make housing shortages worse? by cowpig on Friday September 20, 2019 @12:11AM (#21023282)

But this is self-contradictory. When you say "there is only a market price" you are saying that those with money are entitled.

[ Parent | on HN ]

Re:Rent control will make housing shortages worse? by chii on Friday September 20, 2019 @01:59AM (#21023672)

But the money obtained through work has a meaning. "Entitled" means to demand without having first "worked" to obtain the necessary resources for said demand.

[ Parent | on HN ]

Re:Rent control will make housing shortages worse? by mathw on Friday September 20, 2019 @03:10AM (#21023961)

Welcome to exactly what's wrong with the system! We view somewhere to live as something you have to save for, work for, invest in when it should be a fundamental right.

What's wrong with the housing market is that a housing market actually exists. We should be working to provide food, housing and comfort for all people as a matter of course, not to make rich capitalists who already own most of the wealth on the planet even richer.

[ Parent | on HN ]

Re:Rent control will make housing shortages worse? by scarface74 on Friday September 20, 2019 @12:38AM (#21023365)

Unless you consider vast swathes of America “ghetto”, there are other places in the country where salaries vs cost of living is much better.

[ Parent | on HN ]