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Rent Control Does Not Make Housing More Affordable | Manhattan Institute

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Rent control is not the way to increase the amount of affordable housing, nor is it a solution to poverty, inequality, or segregation. Instead, it acts to restrict the supply of housing, transferring wealth to current tenants at the expense of future and market-rate tenants. Insiders—those living in rent-protected units—generally win at the expense of outsiders. In an effort to resist gentrification, rent control leads to the decay of the buildings, as owners have less revenue to spend on maintenance and improvements. Issues 2020 The Narrative "Landlords cannot be allowed to raise rents to whatever they want, whenever they want. We need national rent control."[1] — Bernie Sanders "Rent control is one of many tools that local jurisdictions can use to promote access to affordable housing."[2] — Pete Buttigieg "It’s time that we stop commodifying the housing market because it is not a speculative investment, it is a basic right for all Americans."[3] — Alexandria Ocasio-Cortez Reality Ren

View all Articles Cities Housing January 8th, 2020 17 Minute Read Issue Brief by Michael Hendrix Share Issues 2020: Rent Control Does Not Make Housing More Affordable Photo: deberarr/iStock Table of Contents Issues 2020 The Narrative "Landlords cannot be allowed to raise rents to whatever they want, whenever they want. We need national rent control."[ 1 ] - Bernie Sanders "Rent control is one of many tools that local jurisdictions can use to promote access to affordable housing."[ 2 ] - Pete Buttigieg "It's time that we stop commodifying the housing market because it is not a speculative inves

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