Last year we posted about a study showing that eliminating rent control policies actually reduces crime. Now, a recent article on Bloomberg suggest that “rent control does more harm than good.” and may actually decrease the amount of available affordable housing. Economics 101 (supply & demand) says that when a good is in limited supply its cost naturally rises. How anyone possibly conclude this rule doesn’t apply to housing is incomprehensible.
“…rent control causes housing shortages that reduce the number of low-income people who can live in a city..”