Re:Rent Control Creates Higher Rents in SF
by thinkmoore on Monday March 16, 2015 @09:35PM
(#9215759)
I live in Somerville, MA, which does not have rent control. My rent has gone up by at least 10% every year for the past 4 years. This is not sustainable.
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Re:Rent Control Creates Higher Rents in SF
by spankalee on Monday March 16, 2015 @10:12PM
(#9215874)
No, it isn't. Unless inflation is at least 10% as well - and wages keep up.
But imagine if Somerville did have rent control. The minority of units on the market would have rents go up by much, much more than 10% a year, and people who need a new place would be screwed. This is what's happened in SF.