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Lisbon's rent control is pretty awesome and long time residents pay like 30 euros a month for rent in a hot area. It also gives the city a distressed and authentically shabby look. A win-win in my book. Rent controls aren't an economic policy but a political one designed to reward incumbent renters at the expense of new residents coming in.
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Oct 18, 2014 15:35
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| # ¿ May 9, 2024 07:50 |
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Fangz posted:I am very doubtful about legislating to help fix people geographically in place, if that is the effect. That seems like the recipe for economic death spirals where people are in locations where there aren't any jobs or investment, but can't leave because they risk losing their rent benefits. Fortunately for politicians (and unfortunate for the aspergers ridden economics discipline) rent is only one factor in why people move to or away from a particular city. Almost like real life is not full of frictionless surfaces????
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Oct 18, 2014 17:22
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Fangz posted:.... Lmao if you think the only thing holding back the working poor in Detroit or East St. Louis is because they're staying due to rent controls. Man you people have to have brain damage or something. Lisbon, NYC, SF are all places where the jobs go, not the other way around.
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Oct 18, 2014 18:02
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Best Friends posted:Disregarding an entire area of research into the very subject you are pretending to be open mindedly exploring would be funny enough, but treating economists of all people as monolithic on all things is what really takes it to the next level. Economists disagree about pretty much everything past the the intro textbook. Which is why them being united on the intro textbook stuff is so striking. Economics is actually p bad and economists basically are 24/7 paid shills for capitalism
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Oct 19, 2014 05:27
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Best Friends posted:Rent control raises costs is like chapter 2 of the intro stuff, maybe chapter 1, it is completely uncontroversial. That's the loving problem. Your taking what is essentially a political policy and doing the magic handwave of "ceteris paris this is bad markets rule governments drool" when in real life rents are a complex issue that can't be boiled down to a single supply and demand curve.
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Oct 19, 2014 05:43
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| # ¿ May 9, 2024 07:50 |
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Stop treating rent control like an econ 101 textbook example. A better measure of rent control's success or failure is to look and see if politicians who support it get reelected.
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Oct 19, 2014 17:10
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