Comment by johnnyanmac
12 hours ago
I'm talking about the policy, not the tenants. Enacting 50 years of rent control is no different from Japan's economy the last 30 years.
Of course after multiple generations you scare off housing investment. But not after 5. And that should be the goal of rent control. Short term relief while doing the long term plan of building more housing.
Politicians not doing it this way is like blaming your duct tape for falling apart after a few weeks of adhesive duty.That doesn't mean duct tape is bad. It means no one bothered to fix the underlying issue.
> And that should be the goal of rent control. Short term relief while doing the long term plan of building more housing.
Even when there's a plan in place, it's unpopular to remove handouts like that. Any politician up for re-election isn't going to let that expire.