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0 pointstenebrisalietum5y ago0 comments

UBI needs to be paired with restricting rent increases or eliminating zoning restrictions that limit housing supply then.

0 comments

thisisnico5y ago

As a landlord, and landlording in an area with restricted rent, it makes zero difference. It's only good if you stay where you rent, but if you move, it's market rent. You can't adequately control market rent because there are so so many variable on what market rent is for every individual unit, location, type, etc. I'm all for the eliminating zoning restrictions though.

nostrademons5y ago

That's the case for rent restrictions. It's actually worse - rent control decreases housing mobility (nobody wants to give up a rent-controlled apartment, even if it no longer meets their needs) and disincentivizes development, so the prevailing market rate for non-rent-controlled apartments goes up.

But eliminating zoning restrictions and building more housing actually does work. Then when you move, you have your pick of many apartments to choose from, and nobody has pricing power to charge more.

sudosysgen5y ago

I live in a rent-restricted area. There is quite a bit of construction, and the average person moves almost once every two years.

The effects of rent-restriction you quote are theoretical effects. In the real world, it does work, as long as the rent-restrictions are well-thought-out.

2 more replies

tenebrisalietumOP5y ago

I was thinking of something like a cap on rent increase (e.g. max 10% rent increase or something like that), not banning rent increase entirely, if it matters. Maybe with exceptions if the landlord improves (not just maintains) the property.

xapata5y ago

> restricting rent increases

No, that'll just create a lottery system and unemployment or lower wages, because people won't be able to move to the jobs.

> eliminating zoning restrictions that limit housing

Yes, this would be great.

Enginerrrd5y ago

Rent controls don't work very well. Much better to remove the barriers that prevent creation of more housing.

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