(Admittedly they’re not precisely “my” kid and it was a text message not a printed letter BUT STILL)

It was glorious.

(I thought about that tweet every time the kid played Spider-Man)

Also not a fish.

Not fish, despite the name.

More fish.

He’s a hack publishing whatever will get clicks. No one inside the industry trusts him.

I go to a lot of city council meetings.

youtu.be/ZVkzpFmCg8E?...

There’s also this much older and bulkier paper, 358 pages of government work, but [Diamond et al 2019] is the better regarded recent science.

www.huduser.gov/portal/sites...

Sorry, my fault for replying at 3am. This is the paper I meant to link:

www.nber.org/system/files...

www.aeaweb.org/articles/pdf...

The mechanism is basically: rent control -> condo conversion -> less rental availability -> higher rents for anyone moving in.

Yeah, it’s the consequence of deterring new housing. There’s also a secondary mechanism that turning rental homes into owner homes without adding supply drives up prices because owners have to pay more up front, get tax breaks if they don’t move, etc.

How policy impacts new apartments matters a lot. Large buildings house a lot more people per land than small ones, but it takes a huge investment to build them, and the more costly they are the fewer homes there are for people who can’t afford houses.

(I’m a housing activist irl)

This is essentially mandating condo conversion of rental apartments. Historically that tends to reduce available rental housing and makes existing house more expensive. It also deters new apartment buildings. There’s a few studies measuring outcomes, eg assets.aeaweb.org/asset-server...

Spite motivated some of the best work I’ve done.

It’ll be hosted in China.