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They also concluded that getting rid of rent control makes it worse. The conclusion was “instituting tent control doesn’t work, but if you already have rent con
by true_tuna 8y ago
They also concluded that getting rid of rent control makes it worse. The conclusion was “instituting tent control doesn’t work, but if you already have rent control getting rid of it doesn’t work either”. It’s almost like a supply and demand problem again.
- dgzl 8y agoSounds more like an addiction problem with nasty withdraws.
- Qasaur 8y ago"Doesn't work either" is a subjective opinion. It "won't work" as prices would likely skyrocket the day after such controls were abolished, but I'm not so sure it would be the same after 5 years. In the long-run people are likely better off.
- baron816 8y agoIf you spend years disincentivizing housing development with rent control, of course lifting the regulation is going to cause rents to increase.