The problem with rent control is by not letting income rise with costs, you risk forcing landlords out of business, reducing available housing.
Most implementations also lead to greater inequity, where new renter pay market rate but long time renters pay close to what was market rate years ago. You end up with “hereditary” rent control
The problem with rent control is by not letting income rise with costs, you risk forcing landlords out of business, reducing available housing.
Most implementations also lead to greater inequity, where new renter pay market rate but long time renters pay close to what was market rate years ago. You end up with “hereditary” rent control
It’s not perfect but something needs to be done