Vitalik Buterin
@vitalik.eth
The voters banned banning banning banning charging too high rent. (To be clear I'm in favor of this, the best way to keep rent low is buidl buidl buidl)
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shazow
@shazow.eth
How do you solve for predictability/stability? If you buy a home, you lock in your costs for 5-30 years, why don't renters deserve some of that stability too so they can make longer term plans and set roots in their neighbourhood?
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Vitalik Buterin
@vitalik.eth
One answer: a big problem with the rent control approach is that it turns tenancy into a de-facto partial property right that is nontransferable. One fix: make it transferable. (If you take this path to its logical conclusion, you arguably eventually get Georgism) Another answer: a long-term commitment to keep housing prices low, eg. strict limits on zoning restrictions. Houston, Japan, etc seem to work quite well on that model.
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