by John Stossel
Rents have reached record highs.
But have no fear, renters! In the Minnesota cities of St. Paul and Minneapolis, progressives persuaded people to vote for rent control.
That’ll punish those greedy landlords!
Except, profits are what persuade builders to build things. When profits are high, other builders build. That’s what creates more housing and, eventually, lower rents.
Put limits on prices — and those greedy landlords find other places to build.
Continue reading “The Cost of Rent Control”
