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.
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.