While many call for rent freezes, NYC has used rent controls for 80 years. Landlords argue these rules make it impossible to afford basic building repairs. How many NYC apartments are currently "ghosted" (kept off the market) because renovation is not financially viable under these regulations?
A. Fewer than 2,000
B. More than 25,000
C. Around 10,000
Prices are going up...again. It's time to ask the hard questions. Go to https://t.co/I192DiVnrm take the quiz and be part of the solution. #affordabilitycrisis#inflation
When you make it harder to build, you make it harder to afford a home. We have to start talking about how zoning and regulations are impacting the supply shortage. #housingcrisis
Homeownership makes stronger families, stronger communities, and a stronger nation.
During National Homeownership Month, and every month, HUD is tirelessly working to make the American Dream a reality for individuals and families across the country.
Prices going up. Everything costing more. But do you know whatโs causing it? Are you sure? Weโre putting $1 million dollars on the line. Letโs see if youโre right.
Go to https://t.co/XtBWX2McjR and take the quiz.
Short-term health plans can cost up to 66% less than the cheapest Obamacare plan because they're exempt from its costliest regulations. Trump's 2018 rule proved this relief worksโand that the next president can undo such a regulation. Congress should make Trumpโs 2018 rule permanent, notes Catoโs @mfcannon.
https://t.co/pC1E68YOY5
Light rail is to urban development what monorails and streetcars used to be. What *is* it about trains, a 19th century technology, that we just can't seem to shake the desire to bilk taxpayers for them?
This new research paper from the Minneapolis Fed goes to great pains to say "Rent control has been a total disaster in St. Paul" in the most polite possible ways. That's hard to do!
But, seriously, it's a great paper. One less-discussed unintended consequence of rent control that the authors note: Rent control has devalued apartments and thereby shifted a larger share of St. Paul's tax burden onto homeowners.
"With operating costs rising and rent increases constrained, the per-unit sales price of apartments has fallen. ... With lower market valuation for multifamily properties, homeowners are paying a larger share of the property tax levy."
@TheEconomist How much do these Gen-zers know about the intervention, regulation, and control state and local governments are already exerting in the marketplace?