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man2010 t1_j8om5mv wrote

  1. It's an "I got mine, screw everyone else policy" where the local government essentially picks winners and losers. It would also make it more difficult for the city to maintain its high standard of living

  2. If the "luxury" units aren't built, the people who would live in them would still move in and raise housing prices, they'd just move into the older units. Stopping new housing construction won't stop gentrification, it will just result in more wealthy people moving into older housing.

  3. I'd have to read more about it but it seems better than indefinite rent control. New York also isn't exactly affordable despite this and other rent control measures

  4. Has this been attempted anywhere else, and why would any developer agree to it?

  5. Implement more statewide zoning measures to promote new construction while restricting local zoning and community input policies. Expand transit service in areas where people will actually use it (i.e. stop wasting money on projects like south coast and east-west rail)

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SuckMyAssmar t1_j8ovfxt wrote

Can you expand on your first point about the high standard of living? I think I am missing how rent control would affect that. (Serious)

Also, is there low demand for east-west rail? I genuinely would use it but I don’t know the stats.

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man2010 t1_j8oyae2 wrote

Implementing rent control will make it more difficult for the city to attract developers to build new housing (see St. Paul for example). Reducing the quantity and quality of housing would make it more difficult for the city to continue growing. We can hope our local industries will keep raising salaries just enough keep their employees here like in San Francisco, but if they decide it's not worth it and leave then we could see the city end up like any of the rust belt cities that lost it's major industries and never recovered. Basically, it's very difficult for cities to maintain or improve their standard of living without growing, it's more difficult for them to continue to grow without enough housing for the people needed to keep that growth going.

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