Why Rent Control Fails: Lessons From New York To Portland

Why Rent Control Fails: Lessons From New York To Portland Authored by Tom Wilson via The Mises Institute, Housing costs in New York City have reached a level that many people can no longer afford. The response has been to push for more control—limits on rent increases and expanded tenant protections. The intention is clear. However, housing markets respond to incentives, not intentions. Under Zohran Mamdani, New York City is moving further in that direction. The focus is on lim...