Government is the problem, not the solution. .RR
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Other than anecdotes, short-term reactions and logical reasoning, anyone know of a rigorous study that indicate rent control causes higher house prices than without rent control over a long period of time?
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Rent control only helps the few at the expense of the manyâŚ
Not whether house prices go up or down. Thatâs not the goal of rent control anyway. The issue is, do we have more or less rental housing supply and thus lower or higher rent? The answer is no. Rent control reduces rental housing supply, and thus hurts âfutureâ renters.
The âfutureâ qualifier is key. People already living in a rental apartment benefits from rent control. Itâs people who will be coming in, who are looking for apartments that get hurt. Thatâs nativist protectionism sorta like restricting immigrants to benefit locals.
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Like Nimbyism benefiting existing home owners like us 
And even with rent control, i donât think itâs that difficult for big investor to evict these people out. I think i remember East Palo Alto some big apartment got sold to new owner and evicted them all out for remodeling. Then gentrify that area. I think that was couple yrs back , please correct if iâm wrong.
theoreticlaly rental housing will not exist if you limit rent to zero. Nobody will build new rentals and nobody will want to buy and maintain rentals
Right. Except for the home owners who are also landlords. People often assume homeowners and landlords have their interests in line. But in fact itâs not true. Any long term thinking landlords would agree NIMBYâs are bad for business.
Then they have a loophole in the code. In SF you have to pay tenants hotel fees and crap to remodel your building. Itâs up to the pitchforks how fast they want to kill us.
Granted she was stupid, but that recent SF owner got fined for 2.4M for doing all kinds of bad things to her tenants. You gotta be careful, especially in the Fab 7x7 where there is a very pro rental class.
The whole premise for needing rent control is buying is too expensive. If buying was cheap, then no one would care about prices to rent. People arguing for rent control are so discouraged that they believe theyâll never be owners. Thatâs why they only care about controlling rents.
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Update on Mountain ViewâŚ
It is interesting how rent control protects current residents at the expense of future ones. The result is only high-income people will move to the place. Thatâs only going to drive up pricing even further. Maybe they donât care if they keep the same job, and their rent controlled place is near work. What happens if they change employers and face a long commute? They canât move, since rent would be far more expensive than their current rent controlled rate. Itâs an odd scenario where home owners move more freely and frequently than renters.
The whole rent control mess is from government building restrictionsâŚAllow the market to build for the demand, problem solvedâŚ
Everyone is worried that if you let the market dictate the building that we would end up like Hong Kong. I just donât see it. Not everybody is going to sell out, especially if it is a desirable area/city like say the Fab 7x7. The thing is, where would people go anyway. Shoot, I canât even find a replacement property now, so what happens, I sit. Iâve said it before, the analogy is the guy who says oh I donât want to get too muscle bound by working out. Look, dude, chances are Dwayne Johnson (The Rock) neednât worry about your muscles at this point so letâs not worry about it just yet ok??? Something about the cart before the horseâŚ
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Hong Kongâs land ownership is monopolized by the government. Their super high housing price is caused by government and dense population.
America has private land ownership but the zoning regulations keep pushing up housing price.
High housing price is mostly caused by the government.
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The save the bay movement started in the 60s started a rabid anti growth movementâŚThe nimbyies will say or do anything to stop growthâŚIt doesnât matter what the project is there will be rabid knee jerk anti growth groups in your face. âŚNo wonder builders flee the BayâŚThe nimbyies always use Manhattan or Hong Kong as the boogey manâŚBut Manhattan is one of the most desirable places on earth for manyâŚ
So they want people to be slumlords?
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âOnly 19 exemptions have been granted in San Francisco in the past 20 years, while 35 have been granted in just the past six years in Oakland, according to the report.â
These are very very small numbers. Does it really matter that 19 or 35 rent controlled units have been lost over 6 years?
Reminds me of another article I read earlier. The ellis eviction issue in San Francisco is extremely exaggerated. The actual number of ellis eviction cases is very small compared to the number of apartments, but all the activists and news media are painting a stark picture like the sky is falling.
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