Hacker News new | ask | show | jobs
by kaonashi 4504 days ago
> keeps thousands of units vacant

> have the well know effect of reducing supply

This critique seems rather incoherent.

1 comments

Many SF landlords have voluntarily removing units unit from the market by simply not rerenting after they become vacant because of all the hassles of rent control. This is one of several way that rent control reduces the number of units available for occupancy, known as "supply".

Understand? I'd not, I suggest reading any basic economics text.

Rent control in standard economic theory

http://homepages.wmich.edu/~u5nwaogu/Overhead/Chapter%206%20...

Rent control in practice in SF

http://www.nytimes.com/2013/06/07/opinion/king-of-my-castle-...

http://mjperry.blogspot.com/2011/05/because-of-rent-control-...

The second link you posted made no reference to rent control.

The third made a lot of noise about rent control, but then cited another article which, again, made no reference to the practice.