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FOX Business: “Rent Control Laws Could Be Contributing to Shortage of Affordable Housing”

FOX Business: “Rent Control Laws Could Be Contributing to Shortage of Affordable Housing”

Rent control laws are contributing to a shortage of affordable housing, according to economists. When rent caps are imposed, developers build fewer new rental units, the supply of available housing declines and housing costs increase. Instead of rent control, policymakers should focus on supply-side solutions: reforming their local zoning code and providing tax incentives for developers to bring new units online. – FOX Business

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