Proposed National Rent Controls
Rent control may seem like a good and humanitarian idea to help those who live on a limited income, but, in general, it creates a host of economic problems which harm the population at large
By Dr. Ileana Johnson Paugh —— Bio and Archives--February 22, 2023
American Politics, News | Comments | Back To Full Article
Economically speaking, in a free market unencumbered by heavy government control, payments by tenants must be just enough to keep those apartments on the market. If government dictated rent controls force the rental prices down, apartments will start disappearing from the market.
New York has continuously legislated rent controls in its rental housing since World War II to protect consumers from high rents. Basic analysis of supply and demand shows that both groups, renters, and landlords, are actually worse off.
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