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Challenges of Rent Control and Rent Stabilization Policies
The chapter explores the failure of past rent control and rent stabilization policies, citing examples of decreased housing supply and accelerated rent growth. It dives into the complexities of these policies, discussing the impact on new construction, displacement issues, and proposed solutions like a 15 percent cap on rent increases. The conversation emphasizes the struggles faced by renters and the need for effective housing policies to ensure financial stability.