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Part of that is often rent control, which as a price ceiling directly causes quality drops beyond what people are generally willing to tolerate in exchange for

Part of that is often rent control, which as a price ceiling directly causes quality drops beyond what people are generally willing to tolerate in exchange for a discount.

0xcde4c3db 9y ago
Even if rent control raises the risk, it's far from a requirement. These things also happen in cities whose state governments have banned rent control.