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Metropolitan DC Local Politics
Reply to "MoCo Rent Control Bills"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]There are literally hundreds, if not thousands of economic studies that rent control doesnt work. But dont let that stop you- Moco![/quote] No one has tried real rent control. --Some expert, somewhere.[/quote] Here you go: https://www.gsb.stanford.edu/insights/rent-controls-winners-losers Paper on San Francisco rent control https://www.brookings.edu/research/what-does-economic-evidence-tell-us-about-the-effects-of-rent-control/ "Rent control appears to help affordability in the short run for current tenants, but in the long-run decreases affordability, fuels gentrification, and creates negative externalities on the surrounding neighborhood." https://www.vox.com/22789296/housing-crisis-rent-relief-control-supply "Rent control does not and will not fix the underlying cost problem, and in a vacuum, a new rent control policy would likely exacerbate the supply crisis. But rent control as a tool for reducing displacement and as a part of a broader housing policy in high-cost cities and suburbs is necessary. Economists may be wary now, but if they don’t get on board and help design these policies, cities may be doomed to repeat the mistakes of the past"[/quote]
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