Rent Control Hurts Renters
Liberal tyranny always hurts everyone except the very rich and of course leftist authorities, whose only objective is to increase government power over every aspect of our lives. Rent control is no exception. As I can testify after living in a crumbling rent-controlled tenement in NYC (where I was forced to learn the art of plumbing), it doesn’t even benefit renters.
Nicole Gelinas of the Manhattan Institute explains that rent control inflicts the following:
1. Hurts the people it’s supposed to help
2. Gives landlords little incentive to improve their housing stock
3. Discourages construction of new housing for all but the rich
Sounds like a liberal program, all right.
One thing rent control is good for is creating slums. Ever hear of anyone but Democrats winning an election in a slum?
On a tip from KirklesWorth.
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