New York Mayor Zohran Mamdani has delivered on his promise to freeze rents on rent-stabilized apartments. And while rent control is nothing new in New York, support for the policy is growing across the country. Who actually benefits from controlled rents? And what happens when tenants need to move, landlords need to make repairs, or families need more space?
Ryan Bourne and Alex Tabarrok explore the economics of rent control, from housing supply and maintenance to who really benefits from lower rents. Drawing on Tabarrok’s visual essay Rent Control: The Ceiling Trap, they examine the unintended consequences of trying to make housing cheaper by controlling its price.
Read more on rent control:
Rent Control: The Ceiling Trap https://mason.gmu.edu/~atabarro/RentControl/
New Meta-Study Details the Distortive Effects of Rent Control https://www.cato.org/commentary/new-meta-study-details-distortive-effects-rent-control
Rent Control: An Old, Bad Idea That Won’t Go Away https://www.cato.org/commentary/rent-control-old-bad-idea-wont-go-away
The Politics of Price Controls https://www.cato.org/commentary/politics-price-controls
Book: The War on Prices https://www.cato.org/books/war-prices
Host & Producer: Ryan Bourne
Senior Producer: Barbara Galletti
Video Editor: Lena Popilieva
Audio Engineer: Cecil Sherman
Director of Photography: Darren Walker
Assistant Producer: Nathan Miller
Motion Graphics: Jonathan Fields
Original Music: Cecil Sherman
Executive Producer: Kristina Kendall
","author_name":"Cato Institute"}