Rent controls are always efficient in helping the poor but they negatively impact the wealthy.

Question

Quizplus · Accepted Answer

Rent controls may initially seem like a solution to help low-income families afford housing, but in the long run, they can lead to a decrease in the quality and quantity of rental housing available, making it harder for all renters, including low-income households, to find suitable housing. Rent controls also discourage the construction of new rental housing, which can lead to a shortage of supply and an increase in prices in the long term. This can negatively impact not only wealthier landlords but also middle-class renters who can’t find affordable housing.

Rent Controls Are Always Efficient in Helping the Poor but They