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From the Wikipedia page ( http://en.wikipedia.org/wiki/Rent_control http://en.wikipedia.org/wiki/Rent_control ): Most economists believe that a ceiling on rent
by wazoox 16y ago
From the Wikipedia page ( http://en.wikipedia.org/wiki/Rent_control http://en.wikipedia.org/wiki/Rent_control ):
Most economists believe that a ceiling on rents reduces the quality and quantity of housing available.[41][42] This view is based on analysis of empirical evidence as well as the understanding generated by theoretical models.[42] Economists from differing sides of the political spectrum, such as Paul Krugman[43] and Thomas Sowell,[44] have criticized rent regulation as poor economics which, despite its good intentions, leads to the creation of less housing, raises prices, and increases urban blight.