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Journal Article
Frozen out
2020
Overview
Economics 'A significant amount of research has tended to highlight the adverse effects of keeping rents below market levels' Note: this was written in late February before WHO declared COVID-ig a pandemic, which has prompted lockdowns around the globe. The evidence is not all one-way, though, with research rightly identifying the benefits of rent capping for hard-pressed tenants, particularly those at risk of displacement as rents move upwards. [...]a 2019 paper published in the American Economic Review, entitled The Effects of Rent Control Expansion on Tenants, Landlords, and Inequality: Evidence from San Francisco', is an exhaustive study finding that good intentions in this area are likely to prove counterproductive.
Publisher
Royal Institution of Chartered Surveyors
Subject
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