The author makes an error here: "But it’s problematic to price breakeven rates off of market-rate rents, because only 10 percent of the city’s housing stock is market-rate."
At the time the landlord has the decision of whether to rent out their unit or put it on Airbnb they will get market rate for it. Rent control limits future increases in rent. Illegally evicting a tenant has a similar financial pressure for market rate.
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The author makes an error here: "But it’s problematic to price breakeven rates off of market-rate rents, because only 10 percent of the city’s housing stock is market-rate."
At the time the landlord has the decision of whether to rent out their unit or put it on Airbnb they will get market rate for it. Rent control limits future increases in rent. Illegally evicting a tenant has a similar financial pressure for market rate.