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Renters Are About to Get the Upper Hand | The Wall Street Journal (archive.ph)

submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]

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[–] [email protected] 0 points 1 year ago (1 children)

Unfortunately, rent control does have issues in the long run. Less profit for landlords does mean less money invested in new construction by people looking to make a profit. Less new construction eventually leads to shortages. It's great for those who already have housing, but those searching for a place to live have it more difficult under strict rent control. Though with how long construction projects take from planning to opening, this effect takes decades for any change to be noticeable.

[–] [email protected] 1 points 1 year ago

Hypothetically, could a city or other regional government, or even larger scale one, create a state run development company, under mandate to build up the housing supply in a given area even if investors won't do it?