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jamal_ginsberg they/them  6d ago (reddit.com) 816 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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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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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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