Rent Control is a settled topic in economics, bar some fringe theorists. It would be impossible for me to explain all the negative externalities that rent control has on both existing and new housing stock in a single comment. I implore you to do some academic reading.

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ceejayoz 8 hours ago | parent | next [-]

> It would be impossible for me to explain all the negative externalities that rent control has on both existing and new housing stock in a single comment.

The same is true for pricing out 40% of the population.

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Sabinus 41 minutes ago | parent [-]

That has a solution. Build (or permit) more housing where people want to live and the price will go down. Simple.

Rent control destroys all the market incentives that are the point of having housing be private. If you're going to do that you might as well have the government directly own and rent the housing stock itself.

	▲	ceejayoz 12 minutes ago \| parent [-]
		> Build (or permit) more housing where people want to live and the price will go down. Mamdani's working to do precisely that, including with this sort of red-tape cutting. https://www.cnn.com/2026/06/04/business/mamdani-housing-new-... "His strategy uses market-oriented policies — easing building regulations, loosening zoning restrictions and rescuing the city’s crumbling public housing stock through private financing — to advance his social democratic goals of 200,000 affordable homes over the next decade." He's just not letting it be an excuse to profiteer off existing tenants in existing housing.

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7 hours ago | parent | prev [-]

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