alt Hacker NewsRent control is not good in theory, it's the most universally hated policy among economists because it has so many horrible unintended effects on housing development and maintenance.
Rent control is not good in theory, it's the most universally hated policy among economists because it has so many horrible unintended effects on housing development and maintenance.
That’s because it’s not an economic policy but a humanistic one. Stable housing should be a right. If rent control was the default, then obviously no renter would vote for arbitrary rent increases in exchange for maybe, someday in the future, rent going down due to increased housing supply.