I feel an overlooked aspect of rent control supply impacts is SFH switching from being rented to being sold to homeowners. No need to condo-ize a whole apartment building, just a landlord sells a house to homeowner for far more than the present value for the rent that'd get under rent control.
A lot of rental units in StP are SFHs and larger families want them because so few large apartments available to rent.
So rent control overtime as initially passed would lose this supply, and may still as will be amended. Resident homebuyers' gain, renters loss.
I feel an overlooked aspect of rent control supply impacts is SFH switching from being rented to being sold to homeowners. No need to condo-ize a whole apartment building, just a landlord sells a house to homeowner for far more than the present value for the rent that'd get under rent control.
A lot of rental units in StP are SFHs and larger families want them because so few large apartments available to rent.
So rent control overtime as initially passed would lose this supply, and may still as will be amended. Resident homebuyers' gain, renters loss.