33
submitted 1 year ago* (last edited 1 year ago) by dirtmayor@beehaw.org to c/news@beehaw.org
you are viewing a single comment's thread
view the rest of the comments
[-] 15Redstones@feddit.de 3 points 1 year ago

Unfortunately, rent control does have issues in the long run. Less profit for landlords does mean less money invested in new construction by people looking to make a profit. Less new construction eventually leads to shortages. It's great for those who already have housing, but those searching for a place to live have it more difficult under strict rent control. Though with how long construction projects take from planning to opening, this effect takes decades for any change to be noticeable.

this post was submitted on 13 Jun 2023
33 points (100.0% liked)

World News

22056 readers
108 users here now

Breaking news from around the world.

News that is American but has an international facet may also be posted here.


Guidelines for submissions:

These guidelines will be enforced on a know-it-when-I-see-it basis.


For US News, see the US News community.


This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 2 years ago
MODERATORS