Robert Gustafson wrote:
> >Why rent control in these circumstances would be a
> >bad thing.
>
> It doesn't work. It is a short term feel good policy
> of the far left who can feel virtuous by showing how
> concerned they are for the poor by spending other
> peoples money and controlling other peoples assets.
I would disagree with that statement. Rent control works
very well for one generation. It worked very well in New
York, but it hung on about two or even three generations too
long and that created the mess.
Housing built here 20 years ago was rent controlled for 20
years. However, when the 20 years were up, people did not
have other affordable housing to go to. That doesn't work
either, or maybe we didn't plan ahead so that it continued
to work.
WizardMarks, Central
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