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The purpose of rent control is to keep existing tenants from getting priced out of their homes with annual rent increases, not to make housing affordable for ne
by amyjess 7y ago
The purpose of rent control is to keep existing tenants from getting priced out of their homes with annual rent increases, not to make housing affordable for new tenants.
- DataWorker 7y agoProtectionism in other words?
- ChuckNorris89 7y agoIt's the same in desirable European cities with rent control like Berlin and Vienna. You read about people renting huge apartments there in the city center for decades paying something around 600/month while if you'd want to move in now into a similar sized apartment in a similar area you'd be paying a lot, LOT more. Rent control makes it affordable for people that have been living there long term but makes it more expensive for the ones trying to move in now.