Bomb Damage or Rent Control?

Economists have often said that the most efficient way of destroying a city besides bombing is to impose rent control. Here's the evidence.

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Category:

Howto & Style

Tags:

• rent
• control
• austrian
• economics
• mises
• salerno

[dickroylet]

A "victim of rent deregulation"?? Do you even know how pathetic that sounds? This is the USA, not Cuba

[Redpony68]

PROP 98 in California would be devastating for all renters, especially those in mobile home communities.

PLEASE VOTE NO ON 98

HATE 98

YES ON 99

99 IS FINE

[mmechill]

So rent control will make my home explode? I don't get this? Can I counter with a slide show of kittens to prove that rent control increases fluffyness?

[garybsg]

@IrishAmericanPride You confuse the current housing crisis where the "government" forced lenders to lend money to unqualified buyers(blacks and latinos). Shock of shocks when they couldn't pay their mortgage. Secondly, you don't understand how housing gets built. If the government say put drastic controls on housing, investors would walk away and invest in Chinese factories instead. Housing would skyrocket as there would be no new housing.

[IrishAmericanPride]

what the hell are you talking about housing developments? I'm talking about empty apartments and homes. There's a ton of 'em where I live because people can't afford to pay these disgusting, outlandish amounts of money to live in them. The real estate market needs to be regulated a lot more than what it is. Real estate agents are gouging the working class, who can barely afford to pay rent, let alone utilities.

[denniscastro42]

well that is because there is no housing development elsewhere because of rent control, which means supply is restricted, which means higher prices. demand is simply greater than supply. the government also restricts these markets with "open land" laws and silly environmental legislation. your situation would be much better off if the govt didnt mess around with these things

[IrishAmericanPride]

right, but I shouldn't have to pay 2 grand a month to live in that apartment.

[denniscastro42]

wow. you need to do some reading. rent control means no investment in urban housing and hence, no housing. i think having an apartment at all is better than none at all

[LiberalofLiberty]

What about all of the people you don't know that work 2 and three jobs but aren't able to buy a home at all because there are none?

[IrishAmericanPride]

No economic analysis, just watching more and more people I know working 2 and 3 jobs, yet still having trouble buying a house and/or struggling to make rent.

[LiberalofLiberty]

What economic analysis brought you to that fantastic conclusion.