The Stanford study just assigns numbers to what even many rent control advocates know: rent control doesn’t reduce overall rents (only supply and demand will do that), but it does reduce it for people with rent control. Those savings therefore have to come from somewhere, which is newcomers. That’s a transfer from newcomers to incumbents.

Rent control isn’t even a short-term solution; it provides zero help to people struggling to pay rent today, and takes years for beneficiaries to realize savings. Subsidies can be distributed immediately.

Stopped reading after you accused YIMBYs of being paid shills for Blackstone. We’re not.

Written by

Economist. Founder and president of the UBI Center. Studied at MIT and UC Berkeley. YIMBY. Former Google data scientist.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store