Rent Control Criticism
The cluster discusses the negative effects of rent control policies, such as reduced housing supply, higher rents for new tenants, disincentives for new construction, and benefits skewed toward existing long-term renters.
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How is rent control counterproductive?
how does rentcontrol let future renters suffer?
Rent control stops rent from going up, but how does it make rent go down?
Interesting that rent control is also in the mix.
Rent control doesn't work. The unintended negative side effects are too large.
Remember that many renters (>70% in some cities like San Francisco) have price controls on their rents. If you're guaranteed that your rent will effectively never go up, then you're much more likely to block an apartment complex construction because it'll block your view or "change neighborhood character". Price controls on rents means many renters enjoy privileged status that insulates them from housing costs.
It is absolutely a rent control and price control policy. You are literally preventing rents from rising.Landlords abusing tenants is totally irrelevant because rent control doesn't address that problem at all, it just shifts that abuse to new tenants for the benefit of long term residents, since the entire policy is a wealth transfer to people who never move from where they live.
It’s nice that you’re benefiting, but rent control is relatively well studied and it doesn’t achieve its aims.https://www.economist.com/blogs/economist-explains/2015/08/e...
That's exactly the expected result of rent control!
Rent control deters the building of more housing. It's literally part of the problem.