Want More Affordable Housing? Build More Housing, and Don’t Impose Government Rent Controls

in news •  7 years ago 

I'm starting to think politicians should have to take a basic economics quiz before running for office. Supply and demand is a pretty basic economic concept which, by the way, also applies to medical care along with everything else the government attempts to supply, ration or otherwise control.

You can artificially restrict the amount of rent a landlord can legally charge for a rental unit, but you can’t force developers, builders, and landlords to build or supply more rental housing in the future. And the supply of rental housing in markets with rent control is guaranteed to decline.

Source: Want More Affordable Housing? Build More Housing, and Don't Impose Government Rent Controls - Foundation for Economic Education

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Hey @darth-cryptic, great post! I enjoyed your content. Keep up the good work! It's always nice to see good content here on Steemit! :)