Using SF and NYC as the main examples kinda distorts things as these are both some of the most expensive, developed, and dense parts of the country where development costs are staggeringly high. Something not working there doesn’t mean it doesn’t work anywhere else. The rate of increase in property/rental costs is unsustainable.
Using SF and NYC as the main examples kinda distorts things as these are both some of the most expensive, developed, and dense parts of the country where development costs are staggeringly high. Something not working there doesn’t mean it doesn’t work anywhere else. The rate of increase in property/rental costs is unsustainable.
They are perfect examples as rent control did NOTHING to impact the costs of housing there.
It did for the folks using it.
Not over the long term
Please explain how.