In cities with rent control, why doesn’t it work overall to actually lower the price of housing?

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In cities with rent control, why doesn’t it work overall to actually lower the price of housing?

In: Economics

8 Answers

Anonymous 0 Comments

Rent control primarily helps old people who have lived in the same building for decades.

The average American will live in several homes throughout his life. Every time a tenant leaves, the rent can be readjusted to market value.

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