this post was submitted on 06 Aug 2023
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[–] gowan@reddthat.com 14 points 1 year ago* (last edited 1 year ago) (11 children)

There are very few things almost every academic economist agrees on. One of the things that almost everyone agrees on is that rent control does not work. Im shocked they got 30 economists to sign on.

The following is apropos as it even addresses the specific policies of SF and NYC mentioned here. If you need to see a progressive voice go look at Emmanuel Saez as his work is what Sanders and Warren based their tax plans on.

https://www.kentclarkcenter.org/surveys/rent-control/

Rent control is a horrific idea. Over the long term is disincentivizes the construction of housing. If you want to bring the costs of housing down then you need to build more housing ideally multi family units not kore luxury housing which is what rent control creates incentives to build.

[–] ihwip@lemmy.world 12 points 1 year ago (2 children)

OK but we have more empty houses than homeless people. We don't need more houses. We need to stop wasting resources for the sake of capitalism and stop letting people die for it as well. There is going to be a point where people start setting fire to vacant houses in protest. It is amazing what millions of desperate people will do when their screams of frustration go unheard long enough.

This is the chaos that our leaders secretly want. Otherwise they would have to be abysmally stupid. There is no excuse for ignorance in the information age.

[–] pokemaster787@ani.social 7 points 1 year ago (1 children)

we have more empty houses than homeless people

This is true, but very few of those houses exist where homelessness is a major problem. Location plays a huge role in someone's life and we can't just ship everyone that's homeless or struggling to a dying small town in the US.

[–] gowan@reddthat.com 3 points 1 year ago

No we have more vacant homes which is not the same thing as available or usable. A house that no one lives in and is being sold is counted as vacant. An unrented apartment listed for rent is vacant

Your premise is based on a flawed concept if what vacant housing means.

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