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Based on what I learnt from my economics class back in the day, rent control is never supposed to work. A ceiling on rents would reduce the supply and eventuall
by ericyan 5y ago
Based on what I learnt from my economics class back in the day, rent control is never supposed to work. A ceiling on rents would reduce the supply and eventually the quality of housing available will also drop.
Rent control is usually a vote-winner, but vast majority of economists would also agree that it is a bad policy.