Case Study: Repealing Rent Control Can Reduce Gridlock
Now just imagine how many people could live closer to work if all the rent-controlled apartments -- how many are there? 80,000? 800,000? -- were suddenly open to the highest bidder.
A single legislative act by the City Clowncil, namely, ending price controls on housing, could simultaneously reduce traffic, reduce pollution, reduce dependence on foreign oil, and reduce the average market price of rental housing in the City, and it wouldn't require City Hall to spend a dime.
Oh, I forgot: in the City Clowncil's manual, the ONLY way to solve a problem is to raise taxes and give more money to special interest constituencies. My bad.
The number of units we could free up for commuters is on the order of 550,000.
I base this on a recent article in the L.A. Times, which stated: "Of the city's 780,000 rental units, Housing Department figures show, the 1979 Rent Stabilization Ordinance covers 550,000 that had a certificate of occupancy issued on or before Oct. 1, 1978."
Even assuming each unit housed only two commuters, that could be a million people walking to work instead of driving to work. Don't they consider a subway or bus a success if it gets 20,000 people out of their cars?