Re:Average Rent in San Francisco Has Dropped $1k This Year
by manfredo on Monday December 28, 2020 @12:52PM
(#25561314)
Rent control ultimately increases the cost of housing by suppressing supply. Price controls don't work.
And how is rent control supposed to follow tenants? They just show up to a unit costing $3,000/mo and say "my rent control rate is $800/mo, so you need to rent to me at that price." No sane developer would ever build in SF if that is the case, thus exacerbating point #1.
And how is rent control supposed to follow tenants? They just show up to a unit costing $3,000/mo and say "my rent control rate is $800/mo, so you need to rent to me at that price." No sane developer would ever build in SF if that is the case, thus exacerbating point #1.