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Rent Control

August 30th, 2014
money, housing

Why is rent control bad for renters?

(These are pretty much the standard arguments against rent control; this isn't original to me. This is an expansion of a comment I posted earlier today in a discussion that had veered from FCC regulation into rent control.)


[1] Homeownership is also a problem here. Higher rents are another way of saying the land and housing are worth more, which means rents and property values move together. Homeowners wouldn't generally say they want people to have to pay higher rent, but they do want their homes to become more valuable, and this is another name for the same thing.

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