If you want to have less affordable housing control the rent

NY Times:

Is Your Rent Through the Roof? Oregon Wants to Fix That

Oregon is expected to enact the nation’s first statewide rent control law, in response to rapidly rising housing costs. Other states are watching closely.
Rent controls give builders and developers less incentive to increase the housing supply which is the best way to create affordable housing.   If you look at the most expensive housing in the US, it is usually in states with control freak regulations like New York and California.  The most affordable housing is in markets where there are fewer restriction on home building.  People moving from the highly regulated states to Texas can get a nicer home for less money.  Rent controls are a huge mistake.


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