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Rent Control Treats The Symptom, Not The Cause Of Rising Housing Costs

Rent control ordinances essentially all impose some type of limit on rent increases for all or some subset of rental units in a local area and also often include requirements for new buildings to include some minimum percentage of “affordable” units meaning ones rented for less than the owner could get in a free market. They are motivated by the idea that rents are too high because landlords are greedy. That, however, is not the true cause of the problem.

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