@B4M44LQ 1wk1W
The overwhelming consensus among economists is that rent control reduces both the supply and quality of housing. While rent controls might help slow the growth of rents in the short term, they do this by interfering with how prices normally balance supply and demand. By keeping rents below market levels, they discourage new investment, delay or stop needed repairs, and ultimately lead to fewer units being available.
The downsides don’t end there. Rent control also messes with how people use housing. Tenants often stay in units that no longer fit their needs just because the rent is cheap… Read more
@9QXDWM89mos9MO
Way too much bureaucracy to properly enact it, which is a burden on the taxoayers AND hurts people that want to rent more than landlords as landlords that are not profitable anymore due to rent control will just sell, or leave their space empty. So less supply, while the demand remains the same.
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