The worst of government poor planning: An economic argument against rent controls
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“In many cases rent control appears to be the most efficient technique presently known to destroy a city—except for bombing.”i
Jeremy Corbyn’s announcement that Labour would seek to implement rent controls, were it to get into power, is not a new idea. It is, nevertheless, a terrible idea; both for those it seeks to help and for the wider population, as I will prove in this article.
High rent is a signal to the market to provide more housing to let and capping …
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