Vitalik Buterin pfp
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)
25 replies
31 recasts
298 reactions

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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?
1 reply
0 recast
6 reactions

Vitalik Buterin pfp
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.
2 replies
0 recast
9 reactions