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> and a large unmet demand for housing because those flat rents take away any incentive to add supply Rent control generally only applies to existing housing,
by eridius 9y ago
> and a large unmet demand for housing because those flat rents take away any incentive to add supply
Rent control generally only applies to existing housing, not new housing.
- oculusthrift 9y agoall rent-controlled housing was once new. what does that tell you will eventually happen to the housing you build?
- ww520 9y agoLower rent on the rent controlled housing depress market rent across the board, discouraging new housing investment.
- cperciva 9y agoTrue, but building new units is a slow process. High rents on existing units move the supply curve much faster -- people take roommates, people move away and free up units, etc.