The Case for Rent Control
August 6, 2019 7:31 AM Subscribe
(SL The Urbanist) explains how rent control is more nuanced than earlier analysis suggests, though it's not a panacea on its own. An excerpt : "Economic analysis often focused on market distortion and did not placed a value on the sociological benefits of housing stability – things like being able to keep kids in the same school or maintaining social support networks. A recent paper by Columbia professor Stijn Van Nieuwerburgh measured those ancillary benefits within New York City’s rent-controlled housing stock and found dramatically different results."
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