Rent control: Good or bad?

[jessicabollin]

I do not see rent control as good and I do not think government should set prices for property owners because:

-Rent control hurts people that have recently moved to a new town.
-Property owners will not construct property for normal individuals as the prices that they can set for property will be regulated.
- Due to rent control property owners construct apartments that are too expensive for government to limit the price on these apartments.
- Rent control is an unnatural way of lowering housing costs. The only way for housing costs to be natural is for the government to not get involved.
- Tenants with low incomes are unable to pay landlords and as a result they are kicked out which adds to the number of homeless and increases poverty.
- Rent control is not good for landlords and individuals with low incomes

Good:
-Rent control makes housing affordable for people who cannot pay high prices
- Controlling prices of housing ensures that landlords from being dishonest and charging absurdly high prices thus causing less available housing
-
In overall I think rent control brings more negatives than positives.

What do you think of rent control?

 

[The Dude]

Great for my sis, she had a rent controlled apt in San Fran for 20 plus years on snob hill.