4 ms·
Rent control isn't a solution at all. It's just a lottery to pay for some people lucky enough to get it.
by hueving 8y ago
Rent control isn't a solution at all. It's just a lottery to pay for some people lucky enough to get it.
- egourlao 8y agoNot if there isn't significantly more demand that supply. Rent control has worked well to mitigate housing issues in Paris during the last few years. It didn't solve everyone's problems: more and more students are moving to the close suburbs, and getting an apartment can be highly dependant on whether your landlord deems your income stable enough. But it has also prevented rent escalation - which we're currently seeing now that a court has repealed rent control [1]. [1] https://www.lemonde.fr/logement/article/2017/11/28/apres-lille-la-justice-annule-l-encadrement-des-loyers-a-paris_5221617_1653445.html https://www.lemonde.fr/logement/article/2017/11/28/apres-lil...
- JamesBarney 8y agoThe problem is it works in the short term, but makes the problem much worse in the long term. It reduces the returns of future apartments, so fewer apartments are built.