What Is Rent Control and Why Doesn't It Work?

Media Type: TV Clips Topic: Pricing, The Firm

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Why do cities still have rent control today? And who benefits from it? Rent control is a government program that limits the amount of rent landlords can charge their tenants. These policies date back to World War I and II. Economists unanimously agree that rent control makes housing worse in the long term. This video explains the history well, examines the unintended consequences, and offers solutions that cause fewer market distortions.

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