Word: renting
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Dates: during 1980-1989
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Liberals should hate rent control because it violates every principle they purport to embrace. It contributes to the housing shortage and to homelessness. It benefits those who need it least and forces the expense on those who can least afford...
...Rent control is a phony liberal issue...
ANOTHER disclaimer is in order here. I don't believe that simply scrapping rent control would solve the housing crisis. Free-marketeers don't recognize that the people who get left out of the housing market face a fate worse than those who bid too low in the Ec 10 carrot market. They end up sleeping on grates...
...least one respect, the Reaganites are correct: the market distortions induced by rent control hurt almost everyone--especially the disadvantaged that liberals ought to be protecting...
...those who can find housing at the cheaper price. The losers are less noticeable. Suppliers of housing lose because they get less for their apartments, and thus have little incentive to provide more housing. (This means that the supply of housing is lower than it would have been without rent control.) As a result, there is another, more important group of losers--the consumers who cannot find housing at all because of insufficient supply...