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jamal_ginsberg they/them  5d ago (reddit.com) 814 thread views #353755 earned 272 coins from votes

Redditors argue in favor of rent control cause a rightoid may be doing a decent job

https://old.reddit.com/r/Economics/comments/1jo22lx/argentina_got_rid_of_rent_control_housing_supply/ 

								

								

									
									

									
								

							

							

								
									
								
							

							

								
	

							

						

						
						

							

								
							

						

					

					
						

							
							
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I feel like this is being used to argue against rent control in general but rent control in the middle of massive hyperinflation is quite different from rent controls in a normal functioning economy
Yes, it's only ever been a minor disaster in general, so let's not jump to any hasty conclusions based on the times it's been an unmitigated disaster.

						


						
							

							

								
									
								
							


							

								
	

							


							

								

									

										
										

									


								
						

					
				


				

				
					
	

	
		

			
		


		

			

				
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If only there were a live experiment of two identical cities right next to each other where one tried rent control and the other didn't and we could see the results

						


						
							

							

								
									
								
							


							

								
	

							


							

								

									

										
										

									


								
						

					
				


				

				
					
	

	
		

			
		


		

			

				
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They would need to be identical cities in identical parallel universes to truly avoid interference between the two.
We should probably also build identical cities next to each other in another identical universe to see if them interfering is actually the :marseybigbrain:  solution.

						


						
							

							

								
									
								
							


							

								
	

							


							

								

									

										
										

									


								
						

					
				


				

				
					
	

	
		

			
		


		

			

				
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Can't use any of the universes where economics might be happening in bad faith, either  :soysnoo:

						


						
							

							

								
									
								
							


							

								
	

							


							

								

									

										
										

									


								
						

					
				


				

				
					
	

	
		

			
		


		

			

				
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Economics subreddit arguing against the most repeatable result in economics :marseymanysuchcases:

						


						
							

							

								
									
								
							


							

								
	

							


							

								

									

										
										

									


								
						

					
				


				

				
					
	

	
		

			
		


		

			

				
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No you don't understand, if I as a part time master's degree barista cannot afford to live in the big city it must be priced incorrectly, so we need to fix it with rent control. Plus my local barcade has been price gouging on craft beer so let's have some price controls too while we're at it

						


						
							

							

								
									
								
							


							

								
	

							


							

								

									

										
										

									


								
						

					
				


				

				
					
	

	
		

			
		


		

			

				
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I remember reading an economics textbook where it said the goal of an economist is for everyone to end up exactly equal.
So, having a low income should have no downsides and having a high income should have no upsides.
I stopped reading pretty quickly, so I never got to the part where they explained how the reeducation camps would function.

						


						
							

							

								
									
								
							


							

								
	

							


							

								

									

										
										

									


								
						

					
				


				

				
					
	

	
		

			
		


		

			

				
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the goal of an economist is for everyone to end up exactly equal
This is not ordinary r-slurred, but profoundly r-slurred

						


						
							

							

								
									
								
							


							

								
	

							


							

								

									

										
										

									


								
						

					
				


				

				
					
	

	
		

			
		


		

			

				
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>leftoids sell rent control as a beneficial policy for all renters, but deep down they know it gives losers a leg up over everyone else (i.e. people who might want to move someday) and that this is the entire point. it's to make urban living LESS accessible and advantage what they consider an "authentic local" over transplants. everyone wants to keep their favorite shit exclusive but if you have no money you have to resort to other means to put yourself ahead of others, and "I was here first" is a classic one. they'd implement hukou if they could.
not sure where I copypasted that from, but it's true.

						


						
							

							

								
									
								
							


							

								
	

							


							

								

									

										
										

									


								
						

					
				


				

				
					
	

	
		

			
		


		

			

				
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>authentic local
phenotypically, the authentic local can be a gullah-like :chadblack2:, someone from chiapas, the blackest muslism indian paki, or a :marseymayo: :chadlatino:. NEVER a WASP or WASP-adjacent types, and certainly NOT a member of the :marseymerchant:

						


						
							

							

								
									
								
							


							

								
	

							


							

								

									

										
										

									


								
						

					
				


				

				
					
	

	
		

			
		


		

			

				
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Eh, at least it's obvs they are r-slurs, unlike the other 'science' or 'history' ones that are just as full of r-slurs but wear the dress of educated authority
The only reason this place isn't just askhistorians posting is our users are too poorly educated to to see the problem

						


						
							

							

								
									
								
							


							

								
	

							


							

								

									

										
										

									


								
						

					
				


				

				
					
	

	
		

			
		


		

			

				
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The sub was never the smartest but man it's full of r-slurs.
Look here: 200% increase in rental housing? Are they building at the speed of light?!? Did lifting rent control mean developers solved housing on their own?!?! No, that isn't what's happening. No one has built 200% more rental units. This is just people getting evicted and the rent on their property getting raised. Literal rent seeking mind you the thing even Adam Smith hated.
The increase is due to rent control causing landlords to not bother renting their property. An expected result of rent control.

						


						
							

							

								
									
								
							


							

								
	

							


							

								

									

										
										

									


								
						

					
				


				

				
					
	

	
		

			
		


		

			

				
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Jewish Lives Matter Less Than Palestinian Lives

						


						
							

							

								
									
								
							


							

								
	

							


							

								

									

										
										

									


								
						

					
				


				

				
					
	

	
		

			
		


		

			

				
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They also never seems to associate aggressive tenant laws protecting bad tenants with a reduction in supply
Every time they hear of someone getting evicted (wrongly occassionally) they make new rules protecting the bad ones that makes thousands of homeowners never want to take the risk.

						


						
							

							

								
									
								
							


							

								
	

							


							

								

									

										
										

									


								
						

					
				


				

				
					
	

	
		

			
		


		

			

				
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I could own an entire building in ever major city in the US and I still wouldn't rent anything out.
I ain't deal with all that nonsense.

						


						
							

							

								
									
								
							


							

								
	

							


							

								

									

										
										

									


								
						

					
				


				

				
					
	

	
		

			
		


		

			

				
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Jewish Lives Matter Less Than Palestinian Lives

						


						
							

							

								
									
								
							


							

								
	

							


							

								

									

										
										

									


								
						

					
				


				

				
					
	

	
		

			
		


		

			

				
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The places that have rent control have the highest rents hands-down.  Debate over.

						


						
							

							

								
									
								
							


							

								
	

							


							

								

									

										
										

									


								
						

					
				


				

				
					
	

	
		

			
		


		

			

				
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I hope Portland brings in townhouse specific rent controls

						


						
							

							

								
									
								
							


							

								
	

							


							

								

									

										
										

									


								
						

					
				


				

				
					
	

	
		

			
		


		

			

				
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There's a LOT of biased reporting from overly hopeful libertarians here.
Poverty passed 50% last year. And while there are some signs it has fallen a bit since it's still 35-40% minimum. The value of the currency has stabilized quite a bit, but it still continues to fall. Inflation is no longer hyperinflationary, but it's still at levels 400% higher than what made Americans lose their darn minds in 2021. Things have stopped getting worse at exponential rates, but they're still not good, and not close to good.
And then there's just the simple, how much of that ^ is Milei's policies, vs blind luck? Because there's certainly no good data here.
Look everything started improving once he came into power but it could just all be a massive coincidence and also it's not even that good, it's definitely not anything Milei did OK!

						


						
							

							

								
									
								
							


							

								
	

							


							

								

									

										
										

									


								
						

					
				


				

				
					
	

	
		

			
		


		

			

				
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2nd best world leader

						


						
							

							

								
									
								
							


							

								
	

							


							

								

									

										
										

									


								
						

					
				


				

				
					
	

	
		

			
		


		

			

				
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I've never wanted to give some over the pants action to another dude so badly before.

						


						
							

							

								
									
								
							


							

								
	

							


							

								

									

										
										

									


								
						

					
				


				

				
					
	

	
		

			
		


		

			

				
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:#marseykingcrown:

						


						
							

							

								
									
								
							


							

								
	

							


							

								

									

										
										

									


								
						

					
				


				

				
					
	

	
		

			
		


		

			

				
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Redditors love rent controls, in their minds rental prices are determined entirely by how greedy landlords are feeling at the given moment

						


						
							

							

								
									
								
							


							

								
	

							


							

								

									

										
										

									


								
						

					
				


				

				
					
	

	
		

			
		


		

			

				
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When we have a unit come up for rent, I LOVE the feeling of adding $50 to the price right before we put the ad up. Feels good making another $600 just because.

						


						
							

							

								
									
								
							


							

								
	

							


							

								

									

										
										

									


								
						

					
				


				

				
					
	

	
		

			
		


		

			

				
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>BEFORE
You're way too magnanimous with your renthogs, you should be adding $50 after they have signed the contract

						


						
							

							

								
									
								
							


							

								
	

							


							

								

									

										
										

									


								
						

					
				


				

				
					
	

	
		

			
		


		

			

				
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We even give back damage deposits if they make an effort to clean.
Far too nice, I know

						


						
							

							

								
									
								
							


							

								
	

							


							

								

									

										
										

									


								
						

					
				


				

				
					
	

	
		

			
		


		

			

				
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There's many ways rent control breaks down if you just think about it for like five seconds.

						


						
							

							

								
									
								
							


							

								
	

							


							

								

									

										
										

									


								
						

					
				


				

				
					
	

	
		

			
		


		

			

				
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This one is my favourite lol
https://i.rdrama.net/images/1743454051R3h22p85LNgYiA.webp

						


						
							

							

								
									
								
							


							

								
	

							


							

								

									

										
										

									


								
						

					
				


				

				
					
	

	
		

			
		


		

			

				
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https://i.rdrama.net/images/1743455230I0w09S-IlE-cJQ.webp

						


						
							

							

								
									
								
							


							

								
	

							


							

								

									

										
										

									


								
						

					
				


				

				
					
	

	
		

			
		


		

			

				
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I love me some Albonomics

						


						
							

							

								
									
								
							


							

								
	

							


							

								

									

										
										

									


								
						

					
				


				

				
					
	

	
		

			
		


		

			

				
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Leftoids have not been having a good year

						


						
							

							

								
									
								
							


							

								
	

							


							

								

									

										
										

									


								
						

					
				


				

				
					
	

	
		

			
		


		

			

				
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Not at all

						


						
							

							

								
									
								
							


							

								
	

							


							

								

									

										
										

									


								
						

					
				


				

				
					
	

	
		

			
		


		

			

				
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:#marseywould:

						


						
							

							

								
									
								
							


							

								
	

							


							

								

									

										
										

									


								
						

					
				


				

				
					
	

	
		

			
		


		

			

				
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:#marseymindblown:

						


						
							

							

								
									
								
							


							

								
	

							


							

								

									

										
										

									


								
						

					
				


				

				
					
	

	
		

			
		


		

			

				
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:#marseyfloch:
Snapshots:
https://old.reddit.com/r/Economics/comments/1jo22lx/argentina_got_rid_of_rent_control_housing_supply/:

						


						
							

							

								
									
								
							


							

								
	

							


							

								

									

										
										

									


								
						

					
				


				

				
					
	

	
		

			
		


		

			

				
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redditors always love commie shit

						


						
							

							

								
									
								
							


							

								
	

							


							

								

									

										
										

									


								
						

					
				


				

				
					
	

	
		

			
		


		

			

				
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>newsweek
cope

						


						
							

							

								
									
								
							


							

								
	

							


							

								

									

										
										

									


								
						

					
				


				

				
					
	

	
		

			
		


		

			

				
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