THE NEGATIVE IMPACT OF RENT CONTROL ON THE HOUSING MARKET

Ethan Blevins, a legal fellow with the Pacific Legal Foundation, discusses the negative impact of President Biden's rent control proposal on the housing market. He explains that rent control creates artificial shortages, drives landlords out of the market, discourages investment, and distorts the market in negative ways. Blevins also highlights the failures of rent control in cities like New York City and San Francisco. He suggests that the federal government can help alleviate the housing crisis by reforming zoning laws, reducing minimum lot sizes, and streamlining the permitting process. Main Street Matters is part of the Salem Podcast Network. For more visit SalemPodcastNetwork.com