Rent control from "summary" of Economic Facts and Fallacies by Thomas Sowell
Rent control is a policy that sets limits on how much landlords can charge for renting out their properties. This is often done with the intention of helping low-income individuals afford housing in expensive cities. However, the unintended consequences of rent control can be severe. One of the main problems with rent control is that it reduces the incentive for landlords to maintain and improve their properties. When landlords are unable to raise rents to cover the costs of repairs or upgrades, they may neglect their buildings, leading to deteriorating living conditions for tenants. Additionally, rent control can create...
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