What do almost all economists agree on about rent control?
A) It improves the availability and quality of housing.
B) It allows the market for housing to work more efficiently.
C) It adversely affects the availability and quality of housing.
D) It is a very inexpensive way to help the most needy members of society.

Question

Quizplus · Accepted Answer

Almost all economists agree that rent control adversely affects the availability and quality of housing. This is because it discourages the construction of new housing units, reduces the supply of rental units, and leads to a deterioration in the quality of existing housing units due to lack of maintenance and investment. Additionally, rent control can discourage landlords from renting out their properties, leading to a mismatch of supply and demand and longer waiting lists for housing.

What Do Almost All Economists Agree on About Rent Control