Category Archives: Rent Control

Rent Control

More Collateral Damage From NYC Rent Control

The Great Hall at Cooper Union. On February 27th, 1860, Lincoln’s speech here helped propel him to the Presidency. New Yorkers now gather here to facilitate the destruction of their housing stock. From the NYT: Rent Board Backs Raises Much Smaller … Continue reading

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New York City’s Rent-Regulated Tenants Excluded From Amenities

And if you’re a landlord, vice versa From the NYT: What’s Next, a Bouncer? Let’s see Rent Control for what it really is: a forced subsidy from landlords to tenants, a gift from politicians to renters in return for their votes … Continue reading

Posted in Economics, Housing, Markets That Won't Clear, Officious Intermeddler, Rent Control, You're Not Helping | Tagged , , , , , , | Leave a comment

San Francisco Rent Control Tenant Buyout Offers Now Approaching 100 Months Rent

We’d love to take your $50,000, but we can’t afford it From the S.F. Gate: S.F. landlords offer tenants tempting offers to move out This is what San Francisco rent control has become. 24 years ago, the Reyes family moved into … Continue reading

Posted in Adverse Possession, Economics, Housing, Markets That Won't Clear, Rent Control, You're Not Helping | Tagged , , , , , | Leave a comment

The Step-By-Step Guide To Destroying San Francisco’s Housing Market

It’s so expensive nobody lives there anymore From the SFGate: Airbnb sublets in S.F. land some renters in the doghouse The Gentleman Economist finds San Francisco’s charms appealing: Beautiful coastal topography, including hills, fog, a gorgeous bridge and the country’s largest … Continue reading

Posted in Barriers to Entry, Cartel, Corruption, Geography, Housing, Markets That Won't Clear, Monopoly, Monopsony, Rent Control, The Future, You're Not Helping | Tagged , , , , , , , , , | Leave a comment

You’re Not Helping: New York City and Affordable Housing

Rent Control:  The Solution to, and the Cause of, New York City’s Housing Shortage From the NYT: New York’s Affordable Housing Shortage The New York Times is one of the world’s great English language newspapers and I hope customer demand (or … Continue reading

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New York City Sets Rents By Political Process. It Goes Badly.

From the NYT:  Rent Board Approves Higher Increases Than in ’12 No free market here, please (Previous posts on rent control here and here.) New York City’s nine-member Rent Guidelines Board annually sets the maximum rent increases permitted for some one million apartments.  The … Continue reading

Posted in Economics, Geography, Housing, Rent Control | Tagged , , , | 1 Comment

American Dysfunction: Housing

From the NYT:  King of My Castle? Yeah, Right From The New Yorker:  CROWDED HOUSE It might be easier to get into a good college (Previous post on dysfunctional American housing markets here) Two stories this week resonate soundly in … Continue reading

Posted in Cartel, Economics, Geography, Housing, Rent Control | Tagged , , | 2 Comments

New York City Rent “Stabilization”: Now More Locked-In Than Ever

From the NYT: Rent-Stabilized Apartments, Ever More Elusive New York state politicians have raised the rent limit for “stabilized” apartments from $2,000/month to $2,500/month, and the annual income limit from $175,000 to $200,000. In “core” Manhattan (below 96th Street), a … Continue reading

Posted in Economics, Housing, Rent Control | Tagged , , , | 3 Comments