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I'm very much anti-NIMBY, but I've had a hard time getting involved with YIMBY organizations. It feels like a lot of YIMBY stuff is good but it always feels like there's a side of it driven by real estate developers wanting to deregulate in ways that hurt residents. Am I wrong, or would it just be better to create more housing in ways that created affordable housing (rent control, public housing, and so forth) instead of trying to see if "market" forces of supply / demand fix the issue? Also please correct me if I am wrong, I haven't dug too deep into YIMBY aside from surface level digging. |
I think you're probably wrong, yes. Having lived in cities with rent control, what I've observed is people who get into a rent-controlled apartment simply NEVER leave it. They pass it down to family members. They unofficially sublet it for years. They are not particularly poor, they just are paying below market for rent so why would they ever give up that sweet deal? And therefore one rental unit is off the market, and the rest of us are competing for the remaining apartments and subsidizing the low rental unit. I would prefer we let rents equalize based on supply and demand, and the government just supplement the rent of low income individuals.