First, let's just own this - there's nothing inherently bad about landlords. That shit is meme-tier crap. Landlords have incentive to provide more, clean, livable housing. You take that shit away and you get project housing. Republicans exist. All the good intentions in the world mean jack shit when you can't guarantee Republicans don't just fuck everyone in the mouth.

That being said, building straight up projects everywhere and having the State run them would literally be better than rent control. It would be more effective, would immediately provide supply, and would aid the poorest. Problems there are, we have a small window before the GOP just nukes the program from orbit, and we'd have to find places willing to build that housing

Those are both significant challenges.

Secondly, yeah LVTs are dope. In my fantasy world, we gut zoning regs, build dense, maximize public transport, and pass a LVT as well as additional taxes on suburbs to cover their externalities. I say this while living in a suburb.

But that's a fantasy world. The real world requires us to make good decisions to claw for progress because 30+% of the country believes at least some aspect of QAnon and like 80% of Republican voters say the 2020 election was stolen. These are not serious people and they are not serious about solutions.

Rent control is a bad idea right now because it provably raises rents across the area that aren't controlled, lowers quality of housing because why would a landlord give a shit about doing a good job, suppresses building new housing, and will basically make every possible aspect of this bad situation worse for everyone involved.

Rent control makes it such that the only way a developer may increase their profits is to build more housing, a thing I believe you want to have happen.

Not only is this effect not seen worldwide, because of the obvious disincentive of low profitability compared to difficulty in permitting, building restrictions, etc, rates are the highest in decades, further exacerbating that disincentive. Rent control will stifle building when we are already facing an uphill climb

I agree there's a lot of noise on the system - which, honestly, is being extremely charitable to the bias of that economist writing an opinion piece that, at minimum, plays down his own understanding of the noise. He's not dumb enough to miss that things like min wage arent distortionary because min wage is on the fucking ground and wages were suppressed prior to 2020 due to excess of labor. Rising wages and lots of savings, combined with pent up demand, was the initial cause of our inflation. These are basic economic truths.

This current housing crisis exists because we can't build enough housing of any type to keep up with demand. The noise in the system he knows he is describing is because of already-distorted markets, same as wages.

We have other options. We should use them. State govs need to change their laws so local towns can't block necessary projects. We need to remove restrictions on density everywhere the ground is stable enough. We need to gentrify the entire damn country, to use hyperbolic language for effect.

These are solvable problems, and it is borne out by evidence that rent control is among the worst proposed solutions. I'd literally rather the gov just pay the difference until housing can go up.

Additionally, stop this kinda shit.

You claim to talk about economic orthodoxy, yet you haven’t even read Adam Smith?

I clearly know wtf I'm talking about. I just disagree with you.

The idea that, because I oppose rent control, im either ignorant or don't give a shit about the poor is offensive, and quite dumb. I've been that person. Ive dedicated my entire adult life to helping people get out of the situation I was in. I most assuredly care.