{"id":81154,"date":"2022-03-16T06:21:36","date_gmt":"2022-03-16T11:21:36","guid":{"rendered":"http:\/\/www.shotinthedark.info\/wp\/?p=81154"},"modified":"2022-03-16T06:21:36","modified_gmt":"2022-03-16T11:21:36","slug":"who-warned-you-2","status":"publish","type":"post","link":"http:\/\/www.shotinthedark.info\/wp\/?p=81154","title":{"rendered":"Who Warned You&#8230;"},"content":{"rendered":"\n<p>&#8230;about <a href=\"https:\/\/www.americanexperiment.org\/building-permits-in-st-paul-are-down-over-80-since-the-city-passed-rent-control\/?fbclid=IwAR1jd3EqryqxiTl9QJip4CkjUd9CKQPmQNXnj3UaEEd8kwo2Sr1fNvhRlnQ\">this kind of thing, City of Saint Paul<\/a>?<\/p>\n\n\n\n<p>Building permits in Saint Paul are off 80%  since &#8220;rent control&#8221; passed:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>The rent control ordinance passed in St. Paul last November is having exactly the\u00a0<a href=\"https:\/\/www.americanexperiment.org\/st-pauls-rent-control-policies-have-totally-predictable-consequences\/\">consequences that were predicted<\/a>\u00a0before it was passed. If you set a price below a market price, you increase demand relative to supply, worsening the very shortages the price control was meant to fix.<\/p><\/blockquote>\n\n\n\n<p>From a MinnPost <a href=\"https:\/\/www.minnpost.com\/cityscape\/2022\/03\/in-first-months-since-passage-of-st-pauls-rent-control-ordinance-housing-construction-is-way-down\/?fbclid=IwAR0MkrtwPvbEEvyeLsamSBcLljc-C0Lnv7UJZvhzDxTxZpn4ts1KIvXUh74\">piece<\/a>:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>With three months of data on the books since the passage of the rent control measure in November, results are rather grim for anyone hoping for new apartment buildings in St. Paul. Compared to the same period during the previous year, multifamily building permits are down over 80 percent. Meanwhile, in Minneapolis overall construction is up as the economy has rebounded.<\/p><\/blockquote>\n\n\n\n<p>And it&#8217;s worse than that.  Landlords are jacking up rents, fast, because they know that with inflation gutting the rest of their budgets, they&#8217;re not going to get another chance. <\/p>\n\n\n\n<p>And yet the rent control advocates &#8211;  highly schooled but uneducated drones that they are &#8211; still say this is about making housing affordable. <\/p>\n\n\n","protected":false},"excerpt":{"rendered":"<p>&#8230;about this kind of thing, City of Saint Paul? Building permits in Saint Paul are off 80% since &#8220;rent control&#8221; passed: The rent control ordinance passed in St. Paul last November is having exactly the\u00a0consequences that were predicted\u00a0before it was passed. If you set a price below a market price, you increase demand relative to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[57,28],"tags":[],"class_list":["post-81154","post","type-post","status-publish","format-standard","hentry","category-economy-and-the-market","category-st-paul"],"_links":{"self":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/81154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=81154"}],"version-history":[{"count":2,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/81154\/revisions"}],"predecessor-version":[{"id":81162,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/81154\/revisions\/81162"}],"wp:attachment":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=81154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=81154"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=81154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}