Quote:
Originally Posted by SFBruin
Dang, there are some intense economics discussions going on here.
All I wanted to say was that, for a city as successful as New York, adding rent control is like saying, "hey, I rented in this place, and now it became super successful, and I want to reap the benefits as if I invested into it."
It's why rent control should be banned federally.
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Hard to make the connection with interstate commerce and thus allowing federal intervention. While the Feds could regulate large corporate landlords with properties in multiple states, I suppose, they could subdivide into subsidiaries in each state and escape such regulation I bet. There's nothing about renting a house or apartment that necessarily crosses state lines.