Rent control will make housing shortages worse
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summary
This article from The Economist argues against the implementation of rent control policies as a solution to housing shortages. It highlights that while rent control may provide short-term benefits to tenants by limiting rent increases, it ultimately exacerbates housing shortages in the long run. The article explains that rent control discourages developers from building new rental units and incentivizes landlords to convert rental properties into other uses. It also discusses how rent control can lead to deteriorating rental properties and a decline in housing quality. The article concludes that alternative measures, such as increasing housing supply and promoting affordable housing solutions, are more effective in addressing housing shortages.