Rent Control: A Policy Recipe for Shortages and Decay

In an unhampered market economy, entrepreneurs would notice such a situation and would not walk away from the opportunity to make a profit by providing additional units for rent. New buildings would appear across the market spectrum, from luxury towers to moderate apartments. And every builder would understand a simple fact: profitability depends on high occupancy, timely rent payments, and the ability to evict tenants who do not honor the contract without legal red tape.

The post Rent Control: A Policy Recipe for Shortages and Decay appeared first on Independent Institute.