Stability comes with a cost. Just like how individuals have to pay insurance premiums and fixed price plans cost more than metered for most people (assuming usa

Stability comes with a cost. Just like how individuals have to pay insurance premiums and fixed price plans cost more than metered for most people (assuming usage is the same). When prices cannot vary, businesses can use some non-price pricing like offering a free month (but not changing the list rent), lotteries, waiting lists, personal connections, tying to other services, etc. but eventually a shortage or glut must result if the price cannot vary to its more natural level. Rent control and other price controls favor one subset of consumers over everyone else. If we don't use prices to allocate housing and land, what makes one system better than another? Why not hold an essay writing contest or dance-off to determine who gets to live in a house or apartment? Home ownership is implicitly subsidized by the government. 30 year mortgages for the masses are only possible through government guarantees. Highways to enable urban sprawl are government built.