Re:The Scourge of Rent Control
by AnimalMuppet on Thursday September 08, 2022 @06:19PM
(#32772796)
So rent control is better because the legislature won't keep paying attention? That's at least plausibly correct.
If you don't trust the legislature, though, you might not trust them to write the rent control legislation in a way where the cure isn't worse than the disease. But you could argue that they only have to get that right once, whereas the subsidy they have to keep getting right. (Though they could plausibly write an inflation escalator clause into the subsidy legislation...)
I still don't think that I agree with you. But you've made a case that made me think, which is about the highest praise I can give to an HN comment.
Re:The Scourge of Rent Control
by Supermancho on Thursday September 08, 2022 @07:43PM
(#32773537)
> If you don't trust the legislature, though, you might not trust them to write the rent control legislation in a way where the cure isn't worse than the disease
That was my initial assertion.
> It's always the implementation that falls apart (because politicians).
> But you've made a case that made me think
I appreciate the earnest engagement.
I agree with this. It could work better if only legislation could keep up with inflation, which it doesn't. Hence fixed income is best subsidized by fixed rents.