Rent-control policies can hurt landlords and renters as well
Rent-control policies, while well-intentioned, are not a viable solution to the current affordable housing crisis. In fact, they can negatively affect both landlords and renters in the long run.
First and foremost, studies have shown that rent-control policies can create a shortage of housing by reducing the number of available units and leading to long waiting lists for renters. This can cause housing prices to rise even more. … Such policies disproportionately benefit those who have already secured housing while making it harder for new renters to find affordable housing. This is just the exact opposite of what our communities need right now.