Recently, Multifamily Executive outlined rent control’s failure and why it doesn’t work. Points include rent control’s inability to increase affordable housing supply, doesn’t help the people that need it the most, and provides little incentives for maintaining housing quality.
There is little debate as to whether the United States has a housing affordability problem. Twenty million American households now pay more than 30% of their income on rental costs. And the problem grows worse each year as stagnant household incomes collide with rising housing costs, putting the squeeze on household budgets.
– Multifamily Executive