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A counter point, for those who are interested: https://www.nakedcapitalism.com/2014/03/17-million-reasons-rent-control-efficient.html https://www.nakedcapitalis

• cbdumas 8y ago
  This article doesn't address the central point of the original essay at all
  • pytester 8y ago
    The central point of the original essay appeared to be that it was bad for renters. The point of the article was that it simply shifts the distribution of economic rents from property developers to renters.
    • cbdumas 8y ago
      The article OP linked is about the systemic effect of rent control, which is claimed to be negative for low income renters overall even if it benefits a small group of lucky low income renters in particular. I would love to see a well argued opposing position, which is why I read your link, but I don't think it really engages with the point about the systemic effect of rent control.
• travisoneill1 8y ago
  Not a very good one. The author's point that negotiating with each individual tenant is fundamentally the same as negotiating with the landlord so there is no inefficiency is academic garbage. Negotiating separate deals with hundreds of tenants with a strange prisoners dilemma incentive structure is massively more complicated and uncertain in outcome than simply negotiating a price with the owner.
  • pytester 8y ago
    The author's point wasn't that. The point was that the main outcome of rent control was simply to shift the distribution of economic rents. Instead of the landlord capturing all of it, the renter got a large chunk of it. The transaction costs are a red herring.