Rent control drives out affordable housing.

USA Today (Magazine) | July 1, 1998| | Copyright

Classified ads in rent-controlled cities show that very few moderately priced apartments are actually available. Yet, in cities without controls, such units are universally on the market.

Rent control has been in force in a number of major American cities for many decades. The best-known example is New York, which retains rent controls from the temporary wartime price regulations imposed during World War II.

In the 1970s, it appeared that rent control might be the wave of the future. Boston and several surrounding suburbs imposed it during the inflationary ...

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