What Rent Control ACTUALLY Does to Rent Prices

"anytime someone moves the landlord the property owner typically not only just brings their rents up to market rate but knowing that they won't be able to raise rents in the future they may actually push their rents to above market rate to compensate for the risk of not being able to adjust and grow their revenue in the future"

"the big thing that pretty much all these studies show is that 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"

"rent control even though it can work for some segments of the population in the short run can actually make rent affordability worse in the long run because if being a landlord becomes an unprofitable business what Rental Supply is even going to exist"

"not every renter is going to be able to buy and then they wound up stuck with just less rental properties to choose from which will get increasingly expensive because there will be less Supply"

"anytime someone moves the landlord the property owner typically not only just brings their rents up to market rate but knowing that they won't be able to raise rents in the future they may actually push their rents to above market rate to compensate for the risk of not being able to adjust and grow their revenue in the future"

"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"

"rent control even though it can work for some segments of the population in the short run can actually make rent affordability worse in the long run"

"I would caution you against that because it might not actually work out that way... not every renter is going to be able to buy and then they wound up stuck with just less rental properties to choose from which will get increasingly expensive because there will be less Supply"

"in my opinion any real solution to housing or rental affordability over a long period has to be focused on increasing Supply"