The Effects of Rent Control Policies and Standard Supply-and-Demand Theory

The Effects of Rent Control Policies and
Standard Supply-and-Demand Theory
On the surface, rent control appears to be a very feasible solution to assist people in finding housing during hard times. It sounds simple; instate laws to ensure that rent does not exceed a particular value, and housing is kept affordable. However, the economic consequences of such a policy can be far-reaching and severe. William Ticker's Policy Analysis, How Rent Control Drives Out Affordable Housing argues and presents evidence to show that rent control policies instituted by government create economic sho…