Path: utzoo!mnetor!spectrix!lsuc!ncrcan!brambo!morgan
From: morgan@brambo.UUCP (Morgan W. Jones)
Newsgroups: can.politics
Subject: Re: rent review
Message-ID: <306@brambo.UUCP>
Date: 3 Mar 88 17:34:27 GMT
References: <1988Feb24.140628.28040@jarvis.csri.toronto.edu> <1433@looking.UUCP> <1988Feb26.225840.21116@jarvis.csri.toronto.edu> <1437@looking.UUCP> <1988Feb28.002014.29461@jarvis.csri.toronto.edu> <1443@looking.UUCP> <1988Feb29.173313.13345@jarvis.csri.toronto.edu>
Reply-To: morgan@brambo.UUCP (Morgan W. Jones)
Distribution: ont
Organization: Bramalea Software Inc., Bramalea, Ont.
Lines: 31

In article <1988Feb29.173313.13345@jarvis.csri.toronto.edu> jdd@db.toronto.edu ("John D. DiMarco") writes:
> You seem to be avocating 
>abolishing rent control. How will that prevent the prices of units now
>under rent control from increasing dramatically?

It won't.  But the whole problem stems from the fact that rent
controlled housing is dramatically, and artificially, underpriced.

>And rent controls? Toronto with rent controls is much more affordable for
>middle class people.... if you can find a place to live. Toronto without
>rent controls would be much more expensive (New York is a good example).
>The best alternative in my opinion is Toronto with increased gov't housing.
>If there is sufficient moderate-income housing, rent control will not be
>necessary.

I question the analogy with New York.  True, housing is VERY expensive
in N.Y., but N.Y. is a very different bird than T.O.  Even in N.Y.,
housing is only expensive in high profile areas such as Manhattan, and
this is because N.Y. is THE place for people with money to live.  T.O.
does not have this problem.

If rent controls were removed, new rental housing would not cater to
expensive tastes, because that is profitable now.  What it would mean
is that developers would know that they could build affordable housing
where they could raise the price if economic conditions were
to change.

-- 
Morgan Jones - Bramalea Software Inc.        morgan@brambo.UUCP
      ...!{uunet!mnetor!lsuc!ncrcan, utgpu!telly}!brambo!morgan
"These might not even be my opinions, let alone anyone else's."