Comments on: Kelo vs. Rent Control

By: Big

Big — Sat, 09 Jul 2005 05:06:02 +0000

It’s cheaper just to pay people to get out. Seriously, that’s what landlords do. They give people thousands, even hundreds of thousands, to get the f’ out.

By: jordan

jordan — Fri, 08 Jul 2005 17:54:18 +0000

Julian: why isn’t this a serious policy proposal? it seems appropriate to me to have a massively inefficient fix for really inefficient laws.

By: Ray

Ray — Thu, 07 Jul 2005 05:29:50 +0000

It’s not generally so much the age of the building but the length of a tennant’s inhabitance that is covered by rent control. In most cities, the regulation restricts how much an incumbent tennant’s rent may be raised in a given, and from lease to lease. Hence, you have geezers on the Lower East Side who have lived there since the 1950s paying not substantially more for their prized apartment space than they would have on the open market in, say, 1971. But when an old tennant moves out, the new tennant starts with a fresh rent control clock.

By: Julian Sanchez

Julian Sanchez — Mon, 04 Jul 2005 08:50:39 +0000

Right. As you’ve divined, this isn’t really a serious policy proposal; I’m just being a smartass.

By: Will Baude

Will Baude — Mon, 04 Jul 2005 01:36:31 +0000

Not to ruin a joke but the people who do the controlling and the people who do the seizing are presumably the same, right?