Manhattan is arguably America's most iconic city, and more arguably, its only 'real' city.
But its own laws have made the buildings that make it so iconic illegal to build more ofđź§µ
Many of the existing buildings in Manhattan that you couldn't make today are too tall by current standards.
Many of the existing buildings in Manhattan that you couldn't make today have too many apartments by current standards.
Many of the existing buildings in Manhattan that you couldn't make today have too much space dedicated to business by current standards.
Many of the existing buildings in Manhattan that you couldn't make today have building footprints that are too tall by current standards.
But the buildings that make New York tall, dense, and filled with architectural juxtaposition also made New York so iconic, they made it more livable than it would've been otherwise, and they made it great.
The new laws simply don't respect the old vision for New York.
This problem isn't unique to New York either.
In tons of American cities, existing builds are illegal by new standards that are generally not justified by any sort of safety or quality concerns, but which instead are driven by local interest groups and dumb policymakers.
For example, in San Francisco, 54% of all homes that exist there are illegal to build today!
This analysis falls flat when you look into these people or think about how so many other "vons" were not as brilliant.
Von Neumann's brilliance preceded formal education and any tutoring. His advanced math tutor noted that he was smarter than him from their first meeting!
First thing's first: Most studies agree that rent controlled units have lower rents, but also the supply of rentable units goes down and un-controlled units see their rents increase.
Uh-oh!
Rent control also means that fewer homes get built, and it means that housing quality drops.
After all, if you can't raise the rent, what incentive do you have to make everything sparkly and neat?
Rent control lowers residential mobility, meaning people stay put longer
That's not good because it causes misallocation
Consider an elderly family whose kids left the nest. They should move to a smaller place, but rent control keeps them in place, so new families can't move in
I have actually had people thank me for getting them on this stuff precisely because they had inflammation issues that these drugs *immediately* solved for them.
Here's an example I've posted before: this man's back pain was cured!