> Long term they wouldn't be, and hence lower ROI and therefore disincentivized
While the ROI would be lower compared to allowing rent to increase uncontrolled, in a rent control zone there is more incentive to build (and renovate) to take advantage of market rate leases for (in California's case) 15 years.
Does the argument that rent control (as in California) disincentives building reduce to the argument that uncontrolled rent yields a higher ROI than rent control?
Such an argument is a refusal to allow public good for the benefit of landlords.
> Long term they wouldn't be, and hence lower ROI and therefore disincentivized
While the ROI would be lower compared to allowing rent to increase uncontrolled, in a rent control zone there is more incentive to build (and renovate) to take advantage of market rate leases for (in California's case) 15 years.
Does the argument that rent control (as in California) disincentives building reduce to the argument that uncontrolled rent yields a higher ROI than rent control?
Such an argument is a refusal to allow public good for the benefit of landlords.