Re:San Francisco, Silicon Valley rents plunge amid downturn
by landryraccoon on Monday June 01, 2020 @04:55PM
(#23383704)
I’m not sure this is a good argument. What landlords would try to raise rents or evict aggressively during a recession?
Rent control prevents rents from aggressively dropping because landlords know the rents can’t be increased later. This is during a time when rents really need to go down.
Re:San Francisco, Silicon Valley rents plunge amid downturn
by Psyonic on Monday June 01, 2020 @05:42PM
(#23384280)
Not the OP, but I think his point was people aren't ending their lease and moving home til covid is over, because if they did, they wouldn't be able to get that low of rent again.
Re:San Francisco, Silicon Valley rents plunge amid downturn
by jonahbenton on Monday June 01, 2020 @03:58PM
(#23383011)
Rent control in NYC also enormously important for elderly population, which has been systematically exploited by owners for centuries.
It is absolutely not in owner interests. But cities by and large have been built in accordance with owner interests.
It certainly has its issues, but there are much worse market distorting policies that I would like to see be fixed before rent control gets put on the chopping block.