Earlier quoted context omitted.
SF-style widepsread rent control seems like part of the problem to me You raise a good question. What would rent in SF look like without rent control? Thinking through the process, I imagine something like: 1. Rent for everyone would have gone up over time 2. Renters would have been slowly forced out as rent increases exceeded their incomes 3. However, it's likely that there would have been a lot more units opening u…
> I'm certainly not saying that a "no rent control" situation would be ideal Quoting Paul Krugman from 15 years ago: "The analysis of rent control is among the best-understood issues in all of economics, and -- among economists, anyway -- one of the least controversial. In 1992 a poll of the American Economic Association found 93 percent of its members agreeing that ''a ceiling on rents reduces the quality and quanti…
That said, if there was no rent control in SF, then slowly, over time, all low income folks would be forced to leave the city. That is likely an undesirable outcome for SF voters.