What are the effects of rent control, both good and bad?
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Rent control perturbs the market for rental housing. Markets don’t like that, and tend to correct. For example, in NYC rent control caused many landlords to get out of the rental market and convert their building into condos. To prevent this correction, you need more perturbations. Eventually you get Soviet-style central government management of that part of the economy, or you find some acceptable perturbed state.
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