Middle class leaving San Francisco, census says

Post by kaonashi » Tue, Feb 11, 2014, 3:46 AM UTC

spikels wrote: post #59

kaonashi wrote: post #58

Earlier quoted context omitted.

It causes problems for the middle class being priced out of the market, yes. How is dropping rent controls supposed to anything but exacerbate that problem?

Price controls, like rent control, have the well know effect of reducing supply. Along with extremely restrictive building policies, SF housing supply has become inflexible and is unable to keep up with demand thus prices will go up. This is exacerbated by the various low income housing policies which also reduce the supply of market priced housing that the middle class occupies. This was entirely predictable. There…

Post by kaonashi » Thu, Feb 13, 2014, 11:08 PM UTC

spikels wrote: post #62

kaonashi wrote: post #61

Earlier quoted context omitted.

> keeps thousands of units vacant > have the well know effect of reducing supply This critique seems rather incoherent.

Many SF landlords have voluntarily removing units unit from the market by simply not rerenting after they become vacant because of all the hassles of rent control. This is one of several way that rent control reduces the number of units available for occupancy, known as "supply". Understand? I'd not, I suggest reading any basic economics text. Rent control in standard economic theory http://homepages.wmich.edu/~u5nwa…