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Rent control has been repeatedly demonstrated to increase prices and lower the quality of the units under control. The solution to high housing prices is reduc

• robocat 3y ago
  > The solution You can always look at countries/cities where your "solution" has been tried and see if rents shifted. Certainly in my city there are many more houses (infill and suburbs) and rents are not dropping - however we also have high immigration so demand is rising. Then again, popular cities have huge demand. Increasing supply seems unlikely to fix the underlying issue.
  • patrickmay 3y ago
    Rent control fails consistently. Here are a couple of links, any economist who follows the data agrees: https://www.urban.org/research/publication/place-blame-where-it-belongs https://www.urban.org/research/publication/place-blame-where... https://www.nmhc.org/research-insight/research-report/nmhc-report-rent-regulation-policy-in-the-united-states/ https://www.nmhc.org/research-insight/research-report/nmhc-r... > Increasing supply seems unlikely to fix the underlying issue. The underlying issue is that the law of supply and demand applies to housing just as to any other market. Increasing the supply is the only way to lower prices.
• mjevans 3y ago
  The solution is More Houses. Build more houses. Keep building. It would help long term if houses were required to be built well. It would also help if there were incentives to build more housing when the market was notably dysfunctional; as it has been for the past 40+ years.