373. Why Rent Control Doesn’t Work

Join Stanford economist Rebecca Diamond and Harvard economist Ed Glazer as they unravel the complexities of rent control. They discuss how, while it seems to aid some renters, it creates higher overall rents by stifling new housing developments. The duo highlights the paradox seen in cities like Cambridge, where removing rent control led to improved housing quality. They also dissect the long-term consequences and economic arguments against such policies, making a strong case for rethinking housing solutions in an age of rising costs.