In the U.S., median rent has doubled since the 1990’s, outpacing inflation. Politicians and the public think rent control is the solution. Spoiler alert: it’s not. (Photo: Caelie Frampton)
As cities become ever-more expensive, politicians and housing advocates keep calling for rent control. Economists think that’s a terrible idea. They say it helps a small (albeit noisy) group of renters, but keeps overall rents artificially high by disincentivizing new construction. So what happens next?
To find out more, check out the podcast from which this hour was drawn: “Why Rent Control Doesn’t Work.”
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