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| Re: I Am Not Panicking (1975927) | |||
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Re: I Am Not Panicking |
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Posted by Spider-Pig on Tue Jan 9 12:46:52 2024, in response to Re: I Am Not Panicking, posted by AlM on Tue Jan 9 11:59:02 2024. The effect it has on supply is that it decreases turnover. In the absence of regulation, people who can afford it might move to a bigger or better apartment. But the opportunity cost of abandoning a rent stabilized unit is too high. This prevents the cheap unit from being available to the low end. Given the fixed costs of construction, low end housing is disfavored in new construction. This was always true, and one solution was housing that decayed into lower end housing years after construction.This is actually why they do those tax incentives: otherwise no one would bother. |
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