• 7 Posts
  • 12 Comments
Joined 11 months ago
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Cake day: July 24th, 2023

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  • A reminder: rent is the purest form of supply/demand in the housing market. Nobody rents multiple units to sit on them the way people do to buy them. If prices are going up, that means vacancy is low and there just aren’t enough units to rent compared to the number of people who are looking for a unit. Landlords hiking prices are hiking prices because somebody will pay that higher price.

    The solution has to involve either building a crapload more units, or having less people who need housing (as always, Malthusians are invited to go first). Anybody who is proposing other approaches to this problem is either a con-man or an idiot. You cannot redistribute your way out of a shortage.



  • Jesus, I’m getting it from both ends here, somebody else is dumping on me for suggesting that a rent-control system that’s a few points above inflation so that landlords could adapt to the market without abruptly bankrupting their tenants was somehow a reasonable compromise.

    I’m not arguing for extreme rent-control policies, just that no rent control is bad because it lets landlords write their own eviction laws.

    Peg it at like 2.5% or 5% per year above inflation and you can’t use it as a sudden backdoor eviction but you also let landlords adapt to market reality over time.

    Capping rents might be stupid for all the reasons economists say, but putting a damper on sudden price shifts is just being humane.