Summary: 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

Summary: 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.)