Shortage – At its core, rent control creates a shortage for rental housing, by setting a price ceiling.
The first chapter of Sowell’s Basic Economics is about housing. “There are [were at the time] 4x vacant apartments in NYC than there are homeless people. Why?”
Book changed my life.
Generally agree
The first chapter of Sowell’s Basic Economics is about housing. “There are [were at the time] 4x vacant apartments in NYC than there are homeless people. Why?”
Book changed my life.
Generally agree