Rebecca Diamond, an economics professor at Stanford, and Harvard's Ed Glaeser delve into the pitfalls of rent control. They discuss a new proposal from the Biden administration and why economists believe it spells disaster. The conversation uncovers historical contexts and unintended consequences of rent control measures, illustrating their impact on housing supply and affordability. With insights from case studies and real-world effects, they tackle the ongoing debate about the balance between tenant support and market realities.

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.

Rebecca Diamond, a Stanford economist focused on rent control effects, joins Ed Glaeser, a Harvard expert in city economics, to dissect the complexities of rent control. They argue that while rent control seems beneficial for some renters, it actually leads to artificially high rents and discourages new construction. The duo analyzes the political landscape surrounding these policies and explores the severe housing shortages it creates in cities like Stockholm, revealing a black market for housing as a direct consequence.