I think Rent Control tends to hold people hostage from having new families (as turnover in larger houses is much smaller as a result, and there's no real benefit to waiting to have a family), and that's a part of it. While I'll agree that most families don't need a huge house to live, you at least need a 2 or 3BR house (especially as the become teenagers) to raise 2 children. At current market rates, you'd need $3k at least (in a decent cheaper neighborhood like the Sunset, Richmond districts) in order to raise kids right now. I don't think that's feasible with less than 140k gross family income.
Rent control is the ONLY reason we were able to stay in the city and have a child recently. It gives renters the housing security they need to put roots down and start families.
I believe that too, but I meant that also in terms that rent control punishes you for deferring decisions on moving. I have a very large 1BR apartment that can be 2BR if needed. I'm very reluctant to leave. If I had 2 children, it would be too small. A move up to an extra bedroom in my neighborhood would easily be $2k more for an extra room. 3 years ago it might have been a different story. If I was in a studio now, I'm not sure I could afford a move to a place like mine seeing how most studios are more expensive than my place now.
We have exactly the same kind of apartment. I'm not sure if eliminating rent control would make things more affordable. I am pretty sure that we would have constant insecurity every year, wondering if our rent is going to jump and we're going to have to move. The buffer from short term market fluctuations is a big factor is helping us stay and build a life in our neighborhood.
But yeah, if we have a second kid it's gonna be tight. THAT IS WHY IM ON HACKER NEWZ 2 MAKE MILLION$$$.
