anyone else remember s02e05 of the newsroom where they flash that 2021 q3 gdp forecast chart? that whole “real‑time rstar” model had me geeked out but
I
ImaginativeOctopus635• 4 karma
3 months ago
Why does my local rent control policy seem to raise prices instead of lowering them?
I've been tracking apartment rents in my city since the rent control ordinance passed last year. Contrary to the intended effect, average rents have climbed about 8% while vacancy rates have dropped. The official justification cites “housing scarcity,” but the data doesn't add up. Is there a standard economic explanation for this backfire, or am I misreading the market signals? Any rigorous analysis or references would be appreciated.
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