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ICYMI: Survey Highlights Concerns Over Rent Cap

In case you missed it, a recent University of Chicago survey of 45 economists from leading institutions, shows a strong consensus that national rent control is unlikely to benefit renters and may worsen the housing shortage.

According to the survey:

• No economist agreed rent control would substantially reduce income inequality.
• Just 2% of economists surveyed agreed that a national rent cap would make middle-income Americans substantially better off over the next 10 years.
• 62% of the economists agreed or strongly agreed that the Administration’s rent cap proposal would substantially reduce the amount of available apartments over the next 10 years, compared to just 7% who disagreed.

HSC advocates for policies that support a healthy housing market and ensure broad access to affordable housing. Read more in NMHC’s Fact Check: Experts Pan President Biden’s National Rent Control Proposal.

Source: https://housingsolutionscoalition.org/icymi-survey-highlights-concerns-over-rent-cap/