A guy just transcribed 30 years of for-rent ads. Here’s what it taught us about housing prices
Michael Andersen

Great article, but a bit too dismissive of the impact of rent control on supply. It’s not just people never leaving rent controlled housing that drives supply down, it’s homeowners who leave their homes empty rather than having to deal with the renter-friendly laws in San Francisco. Thousands of units are left vacant in this city because people would rather forego rental income than deal with the nightmare of getting a tenant out when they need to liquidate their asset. That drives supply down even more, thus driving rents up higher.

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