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It's trivial to show out that rent control increases the cost of rent for new renters. It's been talked about in the academic literature since the 40's[0]. The
by tdaltonc 12y ago
It's trivial to show out that rent control increases the cost of rent for new renters. It's been talked about in the academic literature since the 40's[0]. The harder question is, "is it worth it?" Do the people who build a community in a place, and contribute to it's value, deserve to be shielded from the price increase they helped create? Home owners are incentives to help build a valuable community, shouldn't renters?
[0] Friedman, Milton, and George Joseph Stigler. Roofs or Ceilings?: The Current Housing Problem. Foundation for Economic Education, 1946.