Rent control has been a proven disaster everywhere it has been tried. It was supposed a temporary WW2 measure in NYC. South Bronx was one of the results. Every economist including Keynesians like Paul Kruger has always opposed rent controls. Senator Alan Cranston gave a speech in the Senate a generation ago exposing its follies.Rent control creates housing shortages and two classes of tenants. One paying exorbitant rents because of the tight supply, the other being subsidized by the rest of us.If you want more housing abolish all planning, zoning and environmental controls as well as government building codes. Even Marty Schiffenbauer, author of the Berkeley rent law, noted that controls on the supply side cause shortages which to pressure for controls on the demand side.
This feedback was sent by:Marcy Fleming from San Francisco, California
Link to the article in question: http://www.beyondchron.org/news/index.php?itemid=11127Filed under: Letters to the Editor