A Critique of the Legal and Philosophical Case for Rent Control
16 Pages Posted: 23 Jul 2011
Date Written: July 21, 2011
Rent control is an economic abomination. It diverts investments away from residential rent units, it leads to their deterioration, it is responsible for urban decay such as in the South Bronx, it does not help poor tenants, it is a horrendous means of income redistribution. Yet this economic regulation is beloved of intellectuals (hot beds of pro rent control sentiment are Berkeley, Ann Arbor and Cambridge) particularly in the legal and philosophical communities. The present article is dedicated to an exploration and rejection of the arguments on behalf of rent control which emanate from this source.
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