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> Rent control. This is often unfair and inflates price of non-rent controlled apartments. There's the rub. Virtually all rent control schemes in North America
by thescriptkiddie 11y ago
> Rent control. This is often unfair and inflates price of non-rent controlled apartments.
There's the rub. Virtually all rent control schemes in North America only apply to a subset of properties (usually the shitty ones), which isn't fair and often doesn't work. Meanwhile, Germany has a long history of successful rent control, perhaps not coincidentally because it applies universally.
- brc 11y agoThey are crappy because of the rent control. It is always and every time a terrible idea. It should never be implemented anywhere, at any time, for any reason. Price fixing destroys markets and creates a tiny subset of winners at the expense of everyone else.