Rent controls are:
A) an efficient and equitable way to help the poor.
B) inefficient, but a pretty good way to solve a serious social problem.
C) an inefficient way to help the poor in raising their standard of living.
D) an efficient way to allocate housing.

Question

Quizplus · Accepted Answer

Rent controls may keep housing costs down for those lucky enough to secure a rent-controlled apartment, but they also reduce the quantity and quality of housing available, hampering access to affordable housing for the rest of the population. Rent controls can also reduce the incentive for landlords to maintain and improve their properties, leading to a decline in housing quality over time. As a result, while rent controls may provide some temporary relief to a small number of tenants, they are an inefficient way to help the poor in raising their standard of living.

Rent Controls Are