Rent Control Is Like a Minimum Wage for Tenants
”We are told that we need only rely on the so-called “free market.” We are told it is simply about supply and demand. Let developers build, let the supply of market-rate units increase. And at some point, magically, prices will come down and create housing affordability.
Not one of the proponents of this trickle-down theory can give a plausible idea, or even so much as a rough estimate, of how many units would have to be built for that point of affordability to be reached. We are asked to go on faith.”
Says Seattle City Council member Kshama Sawant.
Read her very well formulated argumentation for rent Control:
http://horsesass.org/kshama-sawant-rent-control-is-like-a-minimum-wage-for-tenants/