Interesting and sensible, but then he has probably never dealt with NYC rent control. He talks about landlords selling apartments to owner-occupiers as an exit. But under NYC-style rent control, an owner can't do it. Renters have a right to stay, and they cling to their cheap apartments like barnacles to a hull. Rent control where owners are free to exit the rental market is a different story, though, and maybe would work better.
Interesting and sensible, but then he has probably never dealt with NYC rent control. He talks about landlords selling apartments to owner-occupiers as an exit. But under NYC-style rent control, an owner can't do it. Renters have a right to stay, and they cling to their cheap apartments like barnacles to a hull. Rent control where owners are free to exit the rental market is a different story, though, and maybe would work better.