bsbbtnh

bsbbtnh t1_j7i271u wrote

> 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.

https://www.nahb.org/-/media/NAHB/advocacy/docs/top-priorities/housing-affordability/rent-control-case-study-090820.pdf

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.

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bsbbtnh t1_irkdeyv wrote

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.

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