Source: The Daily Economy
by Kevin Lavery
“Rent control artificially sets the price of rent below market value, discouraging developers from investing in new buildings; incentivizing landlords to take their units off the rental market. After St. Paul, Minnesota capped rent increases to three percent annually, new building permits decreased by 80 percent within three months of the policy being passed. And in San Francisco, rent control sparked a wave of rental units being converted to condos, causing renters in rent-controlled units to drop 25 percent. Choking supply leads to large rent increases in the long run as units become more scarce, especially in low-income areas where condominiums are unaffordable and development is sparse.” (10/08/25)
https://thedailyeconomy.org/article/rent-control-will-make-the-housing-crisis-worse/