I live in a city with rent control and it's a disaster.
It just caused a massive drop in supply and landlords moving to alternative stuff like temporary contracts to get around it. The latter could be legislated against but would probably just cause a further drop in supply.
Ultimately you can't cheat the market, if you want lower prices you either increase supply or decrease demand.
It just caused a massive drop in supply and landlords moving to alternative stuff like temporary contracts to get around it. The latter could be legislated against but would probably just cause a further drop in supply.
Ultimately you can't cheat the market, if you want lower prices you either increase supply or decrease demand.