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bsbbtnh t1_j7i271u wrote
Reply to comment by ManhattanRailfan in Federal court upholds NY rent stabilization laws, setting up possible Supreme Court showdown by ER301
> Except that's demonstrably not true. Rent regulation has never been shown to have a detrimental effect on the rate of new construction in any city where it's been implemented.
And yet removing rent controls leads to more construction.
>Building on the existing literature, the purpose of this study is to estimate the effect of rent control and its evolution over time on housing construction in the Bay Area, and in particular, in Berkeley, California. Our approach is a macro analysis, using place-level data over time for both rent-controlled and non-rent-controlled communities. In particular, the case study demonstrates how major changes in rent control rules following the statewide Costa-Hawkins Rental Housing Act in 1995, contributed to faster supply growth in the ensuing years for rent-controlled communities.
>The vast majority of economists agree that artificially controlling apartment rents acts as a price ceiling that reduces the supply of housing over time. While the precise nature and severity of rent control are important factors, empirical studies have found numerous ways that rent control can reduce housing supply.
>...
>RCG’s case study examined the impact of rent control and its evolution over time on housing construction in the Bay Area. More specifically, our research considered how the change in rent-control rules following the Costa-Hawkins Rental Housing Act in 1995 affected the growth in housing supply in rent-controlled cities, including Berkeley, as well as Oakland, San Francisco and San Jose. Even after accounting for employment growth, density, rent growth and local place-specific factors, the supply of housing in these rent controlled cities grew faster following the loosening of rent control rules than during the period of more restrictive rent controls. This result was statistically significant, even though newly built units were generally not included in local rent control ordinances during the pre-Costa-Hawkins period. In addition to the change in the nature and severity of rent control rules (the shift to vacancy decontrol and statewide exemptions for new construction and single family homes), we believe that uncertainty regarding the potential for future changes to local rent-control policies was an important factor that limited development in the pre-Costa-Hawkins period. The statewide legislation provided greater certainty for developers, investors and lenders, factors that bolstered housing construction in rent-controlled cities in the ensuing years.
bsbbtnh t1_j40lht2 wrote
Reply to comment by MarionberryShot6480 in USC School of Social Work removes term 'field work' because it may offend 'descendants of slavery' by wxcode
Just call it slavery.
bsbbtnh t1_j40lfoc wrote
Reply to comment by Spiritofhonour in USC School of Social Work removes term 'field work' because it may offend 'descendants of slavery' by wxcode
Yes. And the best part is Masters don't have to do field work!
bsbbtnh t1_irkdeyv wrote
Reply to comment by thoughtsarefalse in China has secret station in NYC as part of network to track dissidents by solo-ran
Canada has some crazy issues with Chinese influence. CSIS (sort of like the FBI/CIA of Canada) has implied that China has taken over some municipal governments and even cabinet positions in BC. There's the whole money laundering scandal, which a component that isn't touched upon much is that it's China laundering the money and using it to fund their activities in Canada. There's a very deep conspiracy there. And I'm sure similar things are happening in the US and other countries.
One of the things China does is try to take over housing, because they view control of housing as being a strong influence over local politicians.
bsbbtnh t1_j7muohr wrote
Reply to comment by ManhattanRailfan in Federal court upholds NY rent stabilization laws, setting up possible Supreme Court showdown by ER301
Presumably you have some studies which say rent control doesn't have an impact on new construction?