I'm posting this because for one, I think the article makes for good discussion, and two, it (somewhat) contradicts my current views on rent control, and I'm interested to see how other folks here evaluate the article.
It was my understanding that rent control directly leads to reduced rental housing supply because of the artificial price ceiling placed on rents. However the author's sources dispute this. I understand that the complex effects of rent control cannot be simply summarized through "supply and demand", and it would also vary based on the actual implementation.
My knowledge on rent control's effects came from reading Thomas Sowell's Basic Economics: A Citizen's Guide to the Economy, earlier this year, so if there's even more to this, I would like to learn :)
It was my understanding that rent control directly leads to reduced rental housing supply because of the artificial price ceiling placed on rents. However the author's sources dispute this. I understand that the complex effects of rent control cannot be simply summarized through "supply and demand", and it would also vary based on the actual implementation.
My knowledge on rent control's effects came from reading Thomas Sowell's Basic Economics: A Citizen's Guide to the Economy, earlier this year, so if there's even more to this, I would like to learn :)