tintory“Friends of the Court” Ask SCOTUS To Raise Rents
They are trying to end rent stabilization which is a different thing. Argue that on its own merits.
Arguably, rent controls prevent developers from building more units, or more affordable units, because they know the profit won’t be there. More units or more affordable units would bring rent down overall.
squibletSo, they need to raise prices so they can build more units in order to be able to provide lower prices? I understand the theory but it seems unlikely that’s what would happen.
This literally doesn't happen. It's just a step towards gentrification and pricing people out of their own homes. I lived through this happening to my home town, and... it literally is a dramatic split right along the old railroad tracks between "this side of town" and "that side of town."