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The issue is that rent control leads to supply shortages since it disincentivizes building new units so you end up with a waitlist to get an apartment. Similar
by HDThoreaun 4y ago
The issue is that rent control leads to supply shortages since it disincentivizes building new units so you end up with a waitlist to get an apartment. Similar issue that prop 13 creates. No one moves because it is either impossible, or would require paying much more.
- dataflow 4y agoThanks but I feel like that didn't answer my question? I was asking if all forms of rent control allow increases when a tenant moves out, which seemed to be the claim and the reason cited in the comment.
- HDThoreaun 4y agoAs I was trying to say the end result is the same. If the law allows rents to increase when people move then no one will ever move since it will cost them money. If the law doesn't allow rents to increase when people move then no one will move because there will be a shortage and whenever a unit does open it will go to landlords family member or friend.