Principles of Macroeconomics / Unit 2 MAC 0123 short lesson, about 20 seconds
Rent Control
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The idea
Rent control caps rents to keep housing affordable. Where it binds, fewer units are offered than at the market rent, some leave the rental market, and maintenance is cut, so quality falls.
In practice
Long-standing tenants gain; people looking for a first apartment queue.
Where people slip
Studies of long-running programs find reduced mobility and a widening gap between controlled and uncontrolled rents.
Your place on the trail
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Builds on
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