As implemented in cities like San Francisco since the late 1970s, #rentcontrol isn't all that harmful. But it really isn't that helpful either. Tweet added by Jake Vigdor @JakeVigdor

Jake Vigdor

5 years

As implemented in cities like San Francisco since the late 1970s, #rentcontrol isn't all that harmful. But it really isn't that helpful either.

Can't Afford Your Apartment? Rent Control Won't Help. Here's Why.

Rent control was never designed to solve the kind of affordability crises we're seeing today.

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kar nels

@kar_nels

5 years

@JakeVigdor Thanks for good overview. Do take issue with "Dismal scientists will point to two basic solutions: building more housing or convincing people to move away from cities with housing shortages." Thought economists were aware of land value taxes as way to redistribute land wealth.

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Ben Phelps

@thisisbenphelps

5 years

@JakeVigdor rent control really helps if you already live in a rent controlled apartment...

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Aaron Politsky

@aaronpolitsky

5 years

@JakeVigdor @Noahpinion I don’t know if it’s obvious to a lot of readers of rent control pieces, but in a rent controlled environment, quoted median rent pertains to on-market units and does not include rented units. The latter median can be far lower, so what are the shares of each group?

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Jeff Wear

@wear_here

5 years

@JakeVigdor @Noahpinion I get that RC isn’t effective for the city as a whole. At the same time, “modern RC helps… those currently renting apartments they can afford” is a huge caveat to bury mid-article and also undermines your title: RC ensures that tenants will continue to afford their apt.

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