A study out of Stanford finds that a local rent control law benefited tenants in controlled units, but undermined the overall supply of affordable rental housing: http://ow.ly/fNpP30iqpVP via @ndelgadillo07
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Yeah, except for socialists who'd welcome price caps + pressure to build publicly funded nonprofit housing. Universal rent control making housing unprofitable isn't a bad thing if you want it decommodified, I suppose?
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Given that this country is based on nearly a millennium of common law tradition from England, strong property rights over many centuries and that there is open internal domestic migration inside the US, how could one do an empirical study of that here?
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