AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Cato Daily Podcast
Rent Control: Another Bad Idea That Never Dies
May 15, 2024
Economist Jeff Miron discusses the negative impacts of rent control on housing affordability. He debunks the misconception that rent control is a simple solution, highlighting how it reduces rental housing availability, affects apartment owners in NYC, and hinders mobility in the rental market. Miron advocates for income transfer to low-income individuals for affordable housing, emphasizing the importance of stimulating housing supply.
08:56
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Rent control reduces affordable housing availability.
- Rent control does not resolve supply and demand imbalance in housing market.
Deep dives
Negative Impact of Rent Control on Housing Availability
Rent control, although presented as a solution to high housing prices, actually exacerbates the problem by discouraging the expansion of affordable housing. When rent control is implemented, landlords may reduce maintenance, cut back on amenities, and become selective about tenants to offset revenue losses. This leads to a decrease in rental housing availability, making it harder for individuals to find suitable units.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode