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A comment on Manhattan rents cross $5k threshold for first time. Parent comment

Re:Manhattan rents cross $5k threshold for first time by karatinversion on Thursday July 14, 2022 @08:23AM (#32095053)
> Those price increases incentivize builders to increase the housing stock

Of course this does not work if building new housing is illegal, in which case you might as well have the rent control.

[ Parent | on HN ]
Re:Manhattan rents cross $5k threshold for first time by nickles on Thursday July 14, 2022 @08:30AM (#32095151)
> Of course this does not work if building new housing is illegal, in which case you might as well have the rent control.

Or make it possible to build new housing. Rent control is a subsidy to existing residents to the detriment of people who would otherwise move to the area.

[ Parent | on HN ]