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the claim
Rent control reduces the supply and quality of rental housing in the long run.
the verdict
SUPPORTED
the evidence backs this
Recorded sources
6 sources for · 1 against
Is it true that rent control reduces the supply and quality of rental housing in the long run?
Yes. A reference encyclopedia entry reports that economists overwhelmingly agree rent ceilings reduce the quantity and quality of housing available, and a San Francisco quasi-experimental study found landlords cut rental supply by about 15 percent, with lost supply likely raising market rents in the long run. Other textbook and review sources also report declining rental supply under rent control, though they address quality less directly.
Verdict: SUPPORTED · 6 sources for, 1 against · Last checked
Evidence for · 6
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Rent Control. (n.d.). econlib.org. https://www.econlib.org/library/Enc/RentControl.html
Evidence against · 1
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McFarlane, A. (2001). Rent Stabilization and the Long-Run Supply of Housing. doi.org. https://doi.org/10.2139/ssrn.283336
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More for · 5
The case for preserving Costa-Hawkins : three ways rent control reduces the supply of rental housing
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T., R. K. (2018). The case for preserving Costa-Hawkins : three ways rent control reduces the supply of rental housing. escholarship.org. https://escholarship.org/uc/item/9dn0n4g7
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The Effects of Rent Control Expansion on Tenants, Landlords, and Inequality: Evidence from San Francisco. (n.d.). cir.nii.ac.jp. https://doi.org/10.1257/aer.20181289
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Browning, E. K. & Browning, J. M. (1989). Microeconomic Theory and Applications. books.google.com. http://books.google.com/books?id=l561j-2KqR8C&dq=Rent+control+reduces+the+supply+and+quality+of+rental+housing+in+the+long+run.&hl=&as_pt=BOOKS&source=gbs_api
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Rent control reduces economic inequality at a price. (2022). diw.de. https://doi.org/10.18723/diw_dwr:2022-12-1
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Hirsch, W. Z. (2014). Law and Economics. play.google.com. https://play.google.com/store/books/details?id=ykOjBQAAQBAJ&source=gbs_api
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