3 ms·
Bear in mind that rent control, like all other government-enforced programs, suffers from unintended consequences. It provides disincentives to maintain proper
by raintrees 7y ago
Bear in mind that rent control, like all other government-enforced programs, suffers from unintended consequences. It provides disincentives to maintain properties, disincentives to build more properties, and may therefore result in far fewer housing options for the area affected. Just like fiat money expansion measures, only those at the beginning of the effect benefit, most others suffer the consequences.
Edit: Sources
https://www.bloomberg.com/opinion/articles/2018-01-18/yup-rent-control-does-more-harm-than-good https://www.bloomberg.com/opinion/articles/2018-01-18/yup-re...
https://realestateinvestingtoday.com/how-rent-control-reduces-the-affordable-supply/ https://realestateinvestingtoday.com/how-rent-control-reduce...
https://www.rpbg.org/index.php/rent-control-it-doesn-t-work https://www.rpbg.org/index.php/rent-control-it-doesn-t-work
https://www.multifamilynw.org/news/the-high-cost-of-rent-control https://www.multifamilynw.org/news/the-high-cost-of-rent-con...