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Rent Control
- brudgers 2y agoYou can't rely on markets to provide housing below market rates because markets only provide housing at market rates. -- Duns Scotus If you don't want housing below market rates, you can rely on markets. Housing at market rates is where the money is. Higher market rates are where more money is.
- surprisetalk 2y agoFull paper: https://www.sciencedirect.com/science/article/pii/S1051137724000020?via%3Dihub https://www.sciencedirect.com/science/article/pii/S105113772...
- AnimalMuppet 2y agoSummary: Most studies agree that rent control lowers rent for those in the rent controlled housing. But it also decreases mobility (can't afford to leave the low-rent apartment), decreases housing quality, decreases construction, increases rent for those not in rent-controlled housing, decreases supply of housing, and increases misallocation. (It also seems to increase home ownership, though that is less clear cut.)