Re:Baumol Effect
by Wolfenstein98k on Sunday October 18, 2020 @05:24AM
(#24816559)
Rent controls don't help the poor, the help incumbent tenants at the expense of future tenants and housing quality.
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Re:Baumol Effect
by red_admiral on Sunday October 18, 2020 @07:19AM
(#24817019)
This is not mutually exclusive though. When the incumbents are poor to start with, it does help them from not being gentrified out of their homes.
Between scenario A: rent control, some poor people are helped, others are not and scenario B: all poor people are forced out of the neighborhood, A starts to look acceptable.
Until that is, someone comes up with a workable scenario C that helps even more people than A. (UBI looks great in theory, but I think the "workable" part needs some more work.)