alt Hacker NewsThe accord you’re proposing is “I deserve your spot because I have more money than you, and we’ll just build more housing later to get you back in.” You can see why I’m not going to go for that as a renter and voter.
> What mechanism do you propose instead for allocating scarce housing?
The one that we’re in the middle of talking about? Rent control.
You can do that, but now it's just "I was here first" which eventually turns in to "I'm old" (after all, young people were not there first, by virtue of not existing when rent control was enacted), which doesn't seem fair either.