Rent control can decrease the supply of housing from "summary" of Basic Economics by Thomas Sowell
Rent control can decrease the supply of housing in several ways. When the government imposes rent control, it puts a ceiling on the amount that landlords can charge for rent. This may seem like a good idea to help lower-income tenants afford housing, but it can have unintended consequences. One consequence is that landlords may have less incentive to maintain or improve their rental properties. If they cannot charge higher rents to cover the cost of repairs or upgrades, they may choose to let their properties deteriorate. This can lead to a decrease in the overall quality of housing stock available to renters. Another consequenc...
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