Experts: Rent Control Causes More Problems Than It Solves

[Kimberly T.]

I know, I know, you're shocked, right? ;)

https://homes.yahoo.com/news/experts-rent-control-causes-more-problems-solves-181219436.html

Rising rents nationwide are causing rent control to gain traction — but not among economists, real estate analysts and other housing experts.

A whopping 63 percent of experts surveyed for the Zillow Home Price Expectations Survey (ZHPE) said rent control ordinances are “government intrusions into the marketplace that, however well-intentioned, always create more problems than they solve.”

It’s unusual for such a large group to agree on a single answer, according to Terry Loebs, founder of Pulsenomics LLC, which developed the Zillow-sponsored survey.