ilmscore | Prediction Details
"rent controls can reduce the the supply of rental housing in fact 2thirds of studies showed that rent control has a negative correlation to residential construction so less new rental units are built but it also shows that and recent examples actually show this that when rent control is enacted many Property Owners just don't want to be in the business anymore and they wind up just selling their properties... developers who could build new rental properties don't want to build into that environment"
By BiggerPockets | December 3, 2024 | Pending
From video
What Rent Control ACTUALLY Does to Rent Prices 00:04:27 - 00:05:14
Interpreted Prediction
Implementation of rent control will lead to a reduction in the overall supply of rental housing as property owners sell existing units and developers are deterred from new construction.

Prediction Details

Topic
Housing Supply / Rent Control

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