Ed Glaeser gives three compelling reasons why the government should end their infatuation with high housing prices. (Nonetheless, some of the same politicians speak through the other side of their mouths about promoting housing affordability):
Why We Should Let Housing Prices Keep Falling
There is a superficial attractiveness to policies that seem to promise an end [...]
Welcome to the final post in the series discussing the consequences of rent control. Thank you to the subscribers who have patiently awaited each new post. I hope everyone found it enlightening.
If you haven’t read the entire series, you can catch up with these links:
Rent Control Part One: Microeconomics Lesson and Hording
Rent Control Part Two: Black [...]
With the referendum approaching, the debate over rent control is heating up in California. This video is pretty balanced in showing both sides. There are some memorable quotes, like “social security and pension plan would not pay the market rent, so I just wouldn’t eat.” I guess this guy values his $375/mo [...]
Part One of this series was a refresher on the Microeconomics of Rent Control and touched on how it encourages hoarding Part Two discussed rent controls influence on the black market for apartments, rental property deterioration and housing discrimination. Here in Part Three, we will discuss how rent control hampers mobility, regional growth, tax revenue, [...]
Austin Contrarian discusses an article that describes how Seattle has become less affordable in recent years. He prescribes a recipe for Austin to become what he calls a “Superstar City” such as New York, Boston, San Francisco, or Seattle. By “Superstar City”, I assume he means an ultra-hip place where housing prices rise rapidly, NIMBY [...]
LA Times: Los Angeles limits ‘mansionization,’ downtown hotel conversions
Reason: In Soviet Los Angeles, Housing Affordables You!
LA’s City Council voted unanimously to treat the symptoms of the City’s gentrification problem by restricting property owner’s right to improve their property.
Did anyone ask the council what would be the long-term effects of restricting the supply of [...]
Phasing out rent-regulation may hurt a bit, but in the long-run regulation has done more damage than good. Along with loosening zoning restrictions, freeing up apartments to market rents will help lessen the housing shortage citywide.
New York Daily News:
Tenants say rent-regulated apartments threatened by investment firms
Curbed:
Predatory Investors
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