Source: In These Times
by J Patrick Patterson
“Critics warn that a rent freeze can actually make the housing crisis worse. Even if new housing construction is exempt, skeptics say the policy could discourage building in general as developers and investors scale back. Meanwhile, the real estate lobby argues that landlords would get squeezed by rising costs, which would lead to deferred building maintenance and more vacant units. Warnings against rent control policies often come wrapped in dire metaphors about ’destroying cities’ and ’halting investment’, but, politically, freezes are popular. More than three-quarters of voters support them, depending on the poll. Long term, we need more housing — but construction takes years and often faces fierce resistance. A thoughtfully designed freeze could protect renters against precarity while paving the way for a more comprehensive approach to the housing crisis.” (01/02/25)
https://inthesetimes.com/article/the-rent-is-too-damn-high-rent-freeze-tenants-housing-crisis