any counter arguments, or just downvotes?
any counter arguments, or just downvotes?
The options are:
1) rent control, plus a lottery or waiting list to determine who gets to live there. This is similar to what they did in sweden, where they have nine year waiting lists. That would be catastrophic for the growth of the city, so it might not happen.
2) allow the market to build new housing, so the rich newcomers will have somewhere to go that doesn’t require displacing existing residents
Of course, if you don’t care about locals being displaced, you don’t have to do either of these, you can make apartments illegal and watch land rents go up and do nothing about it. That’s the choice SF voters have made, up to you whether you think it makes sense
If California made any existing rental property only eligible to retain Prop 13 tax status by expanding the number of available bedroom units on the property, the rental price problem would be solved almost immediately.
+1. Succint, and great response
> newcomers are more entitled to live somewhere than the people who already live there
Nobody said that besides you.
> residents of an area are obligated to change it in order for more people to move there and change their existing quality of life
Again, nobody said that besides you.