One Bad Idea
Rent control
If Landlords are allowed to raise rents to reflect a monetary inflation and true conditions of supply and demand, individual tenants will economize by taking less space. This will allow others to share the accommodations that are in short supply. The same amount of housing shelter more people, until the shortage is relieved.
Rent control, however, encourages wasteful use of space. It discriminates in favor of those who already occupy houses or appartments in a particular city or region at the expense of those who find themselves outside.
Henry Hazlitt
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