> Those price increases incentivize builders to increase the housing stock Of co... | Hacker News

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		karatinversion on July 14, 2022 \| parent \| context \| favorite \| on: Manhattan rents cross $5k threshold for first time > Those price increases incentivize builders to increase the housing stock Of course this does not work if building new housing is illegal, in which case you might as well have the rent control.

nickles on July 14, 2022 [–]

> Of course this does not work if building new housing is illegal, in which case you might as well have the rent control.

Or make it possible to build new housing. Rent control is a subsidy to existing residents to the detriment of people who would otherwise move to the area.

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