Supply/Demand imbalance raises rents. Rent control is one contributor.
Rent control is more than an economic issue, it's a class and moral issue. Why should only people with the means to buy property have the ability to live a stable life? Imagine if your child had to change schools every year because your one of the overwhelming number of people who cannot absorb rent increases.
I personally have zero or negative sympathy for landlords charging usurious rents while simultaneously crying proverty and getting all puffy about property rights. If you can't handle the regulatory environment, nobody put a gun to your head and made you a real estate speculator.
> Rent control is more than an economic issue, it's a class and moral issue. Why should only people with the means to buy property have the ability to live a stable life? Imagine if your child had to change schools every year because your one of the overwhelming number of people who cannot absorb rent increases.
Rent control is more than an economic issue, it's a class and moral issue. Why should someone pay less rent simply based on when they originally moved into the apartment? Imagine if you are a poor immigrant just moving to the city and having to pay market rate while reasonably well off people get to pay a rate that made sense 5 years ago.
I personally have zero or negative sympathy for people paying lower rates than everyone else while simultaneously crying proverty and getting all puffy about the possibility of their rent going up. If you can't handle the price of the city, no one put a gun to your head and forced you to move here.
San Francisco is a city with an exploding economy that sits on a fault line and is geographically constrained by mountains and the ocean. If that wasn't bad enough, it's also got quite a bit of NIMBYism among its residents who want it to retain its "quaint" character.
Tell me that doesn't explain basically all of it...? Rent control seems like a minor factor. I can see ways it might contribute, but if SF had plenty of land and no earthquakes I'm sure things would not be so bad.
Thank you. The contributors who don't understand that obviously rent control reduces supply by the number of rent controlled units but that it also vastly increases stability for longer-term occupants are dominating this discussion. So again, thank you.
Rent control is more than an economic issue, it's a class and moral issue. Why should only people with the means to buy property have the ability to live a stable life? Imagine if your child had to change schools every year because your one of the overwhelming number of people who cannot absorb rent increases.
I personally have zero or negative sympathy for landlords charging usurious rents while simultaneously crying proverty and getting all puffy about property rights. If you can't handle the regulatory environment, nobody put a gun to your head and made you a real estate speculator.