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Economists hate rent freezes — except for this one type
📈 Business

Economists hate rent freezes — except for this one type

As the US housing crisis deepens, Oregon, Washington, California and others have enacted rent controls, while the Biden administration proposed a nationwide cap on rent increases for large buildings. Economists generally oppose rent freezes, arguing they reduce housing supply, but there is one specific model they endorse. New York's Rent Guidelines Board updated its rules last month, reigniting the debate.

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