Rent control doesn't prevent me from desiring more high-density residential construction in the city.
Rent control doesn't prevent me from desiring more high-density residential construction in the city. Thing, is, even folks in rent controlled units have major life events. You get tired of the person you're living with, get sick of the changing neighborhood, have a baby, or a new Significant Other. In a city that has such an extreme lack of housing, changing your living arrangement to reflect your changing life is somewhere between extremely difficult and impossible. Folks who are preventing new development aren't folks that are motivated by a desire to protect their rent controlled apartments. They're folks who are motivated by a desire to see greatly increased year-over-year rents on their non-rent-controlled units, greatly increased year-over-year leverage on their existing property, and/or the continued preservation of the look and feel of the neighborhood (read: those with a strong resistance to change.).
Posted by simoncion on Mar 16, 2015, 10:06 AM
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Rent control doesn't prevent me from desiring more high-density residential construction in the city.
Rent control doesn't prevent me from desiring more high-density residential construction in the city.
Rent control doesn't prevent me from desiring more high-density residential construction in the city. Thing, is, even folks in rent controlled units have major life events. You get tired of the person you're living with, get sick of the changing neighborhood, have a baby, or a new Significant Other. In a city that has such an extreme lack of housing, changing your living arrangement to reflect your changing life is somewhere between extremely difficult and impossible. Folks who are preventing new development aren't folks that are motivated by a desire to protect their rent controlled apartments. They're folks who are motivated by a desire to see greatly increased year-over-year rents on their non-rent-controlled units, greatly increased year-over-year leverage on their existing property, and/or the continued preservation of the look and feel of the neighborhood (read: those with a strong resistance to change.).
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