What doesn’t work about it? (I honestly know nothing about it, but I know there are things that sound great on paper and propaganda but in practice it’s bull)
Rent control disincentives building new apartments, because there is little financial incentive in doing so in an area choked by supply shortages, thus it exacerbates supply shortages over time.
What doesn’t work about it? (I honestly know nothing about it, but I know there are things that sound great on paper and propaganda but in practice it’s bull)
Rent control disincentives building new apartments, because there is little financial incentive in doing so in an area choked by supply shortages, thus it exacerbates supply shortages over time.
See here: https://www.nmhc.org/news/articles/the-high-cost-of-rent-control/
Note that this is not theoretical - we’ve seen rent control attempted to poor effect worldwide
Ty