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Rent control? EconoMeter panel weighs in


Friday, September 23, 2016

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Rent control is returning as an issue in high-priced San Diego County. This image shows Pulse Millenia in Chula Vista.

Kelly Cunningham, National University System

NO: The goals of rent control and actual consequences are polar opposites. Studies show price controls in whatever form lead to shortages. Nothing brings private building to a halt like rent control. It incentivizes apartments being converted into condominiums, creates black markets, makes new housing even less affordable for average families to live, and increases homelessness in the area. Rental housing is drastically reduced to accommodate the growing population and to replace existing housing wearing out.