3 ms·
There's a reason rent-control is almost universally despised among economists. That said, of all the rent-control policies I've seen, I think the least-bad is w
by rrrrrrrrrrrryan 6y ago
There's a reason rent-control is almost universally despised among economists. That said, of all the rent-control policies I've seen, I think the least-bad is what they've been using in Spain: no rent increases for 5 years after move-in, then increases are only allowed every 3 years after that.
They've implemented a time-based stabilizing mechanism, instead of an arbitrary percentage-based cap. Moving is a huge cost for a tenant, so if a landlord raises rents every year, expecting people to be able to move every year to a fairly-priced place is insanity. But, I do think most people can handle a move every 5 years to a cheaper neighborhood if they need to.