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Roben Farzad, host of public radio's "Full Disclosure," tells us more. Then, does rent control improve housing affordability in the long run?
This is the seventh installment in a series examining the roots of America’s housing crisis. To read the earlier pieces, ...
Rent control promises relief, but over the long run drives up prices and obliterates a city’s housing market.
California is taking steps to enact a state-wide cap on rent increases. But, recent studies show that rent control may actually drive up rents in the long run.
While rent control appears to help tenants in the short run, it decreases the supply and affordability of housing in the long run.
Under rent control, says Furth, "Landlords just don't reinvest." Today, rents are up, and that's hard. But in the long run, rent controls will only make the problem worse.
“Rent control appears to help affordability in the short run for current tenants, but in the long-run decreases affordability, fuels gentrification, and creates negative externalities on the ...
That’s why even liberal groups, such as the Brookings Institute, find rent control in the long-run “decreases affordability.” More housing, not rent control, is needed to tame rising rents.
Under rent control, says Furth, "Landlords just don't reinvest." Today, rents are up, and that's hard. But in the long run, rent controls will only make the problem worse.
So then, if rent control isn't the answer to short-term housing affordability issues and displacement, what is? I'd argue it's zoning reform, and, failing that, federalism.
As rents climb but wages remain flat, more cities are considering rent controls. Supporters say such rules will protect middle- and low-income renters from price gouging, but critics argue they ...
But does rent control improve housing affordability in the long run? Stanford Graduate School of Business economics professor Rebecca Diamond has looked into that question.