kayakhomeless t1_j9zaaj3 wrote

I’d support all of this with the caveat that rent stabilization will do nothing to fix the housing shortage, and it will only help the (mostly white, wealthier) people who already have access to housing. It’s a good short term policy, but long run only makes things worse and more inequitable.

“all of these policies share a problem if enacted as the exclusive solution to rising rents. As economists often stress, rent control fails to address the core issue of why housing is so expensive to begin with: lack of supply.” From vox

Rent stabilization will only help if it’s coupled with increased supply via zoning reform and legalization of greater supply, especially where it’s needed close to every walkable downtown. Rhode Island is last in the country for housing growth, is it any wonder why housing costs are skyrocketing?