Open thread June 28, 2016 Dan Crawford | June 28, 2016 7:03 am Tags: open thread Comments (4) | Digg Facebook Twitter |
” A North Beach [San Francisco] tenant recently received notice from his landlord that the rent on his apartment was going up from $1,800 a month to $8,000.”
” Neil Hutchinson, who has lived in the building at Columbus and Scotland streets for six years, has been hit with a rent increase of 344 percent. ”
“MANHATTAN — The city’s rent-stabilized tenants will once again see a rent freeze on one-year leases. ”
” The Rent Guidelines Board voted Monday night against any increases on one-year leases and voted for a 2 percent increase on two-year leases, marking a repeat of its vote last year, which was the first time ever the board approved a rent freeze. ”
Strikes me that when rents double and triple, the same money could be going to build twice and three times as much housing instead of uselessly lining the landlords’ pockets (I think economists call this collecting rents).
Part of the solution, besides easing up on zoninglike Seattle or happening to have plenty of land to extend construction to like Houston, might simply be a working market-realistic version of rent control like Germany and Paris and many Euro places (Singapore housing is 80% public I think).
Main idea: if landlords want to cash in on demand they will have to build to profit by it. Help; before we are all forced to move to Mexico!
How many justices should be on the supreme court, and why is that a good number? Why is 9 better than 8, aside from being +1 and an odd number? Is 11 better than 9? Would 7 be better than 9 or 8?
“Nine for mortal men, doomed to die.”
“Strikes me that when rents double and triple, the same money could be going to build twice and three times as much housing instead of uselessly lining the landlords’ pockets….”
Who is more likely to build that additional housing, the tenants or the landlords?