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Old 08-14-2019, 11:23 PM
DrDeth is offline
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Join Date: Mar 2001
Location: San Jose
Posts: 42,145
Quote:
Originally Posted by Corry El View Post
....

Rent control is price fixing. Price fixing creates misallocation of resources and perverse incentives as compared to market price discovery. If the outcome of market pricing is judged unacceptably 'unfair', a subjective judgement call, then collecting taxes to subsidize people who cannot pay market prices is virtually always preferable to govt price fixing.
Not really. If the landlords are allowed to reset rents when a vacancy occurs, and are allowed to raise the rents a reasonable amount a year, then it's fluctuation control, not price fixing. That's how it is in San Jose. It just protects both sides from weird short term market fluctuations.