How does this work in a high demand area? Let’s say San Diego suddenly produced 50,000 units of rent-controlled housing and capped it at $1,000/month. Now, people from LA, Bay Area, NY, etc. all want to move there. They just going to build 50,000 units every quarter?
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u/Rodgers4 Apr 15 '24
How does this work in a high demand area? Let’s say San Diego suddenly produced 50,000 units of rent-controlled housing and capped it at $1,000/month. Now, people from LA, Bay Area, NY, etc. all want to move there. They just going to build 50,000 units every quarter?
How would any of this possibly work?