Where? My understanding is that it leads to a shortage of rental property which blocks new tenants, and a disinclination to improve current property.
Krugman.. https://www.nytimes.com/2000/06/07/opinion/reckonings-a-rent-affair.html
Edit to add.. a gloss
https://www.governing.com/gov-institute/voices/col-rent-control-bad-idea-making-comeback.html
Sounds like the answer is to increase wages (probably while trying to arrest increasing house prices)?
The idea that anyone can control markets (labour or property) is absurd.
Increase wages, attract more people, demand>supply, rent/house prices increase. Rinse and repeat.
@𝔒𝕨𝖑𝘡 started
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Where? My understanding is that it leads to a shortage of rental property which blocks new tenants, and a disinclination to improve current property.
Krugman..
https://www.nytimes.com/2000/06/07/opinion/reckonings-a-rent-affair.html
Edit to add.. a gloss
https://www.governing.com/gov-institute/voices/col-rent-control-bad-idea-making-comeback.html