Rent Control Dilemmas
Rent control is intended to help current tenants but often leads to unintended consequences like housing scarcity. Developers are disincentivized to build new units due to pricing ceilings, resulting in a mismatch where long-term tenants occupy larger spaces than needed. This creates a situation where the housing market becomes skewed, benefiting a select few while pushing others out of urban areas.In this clip
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EXTRA: Why Rent Control Doesn’t Work (Update) | Freakonomics Radio
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