Evidence on Rent Control

Preview:
Rising housing costs are bringing up an old idea in the Twin Cities — rent control. This November, voters in both Minneapolis and St. Paul will decide whether to give local bureaucrats the power to limit the rates by which landlords can raise their rents. Advocates claim this will help low-income renters, especially people of color, escape gentrification and hold on to their housing.
Indeed, lack of affordable housing is an issue facing the Twin Cities. But years of research evidence, as well as experiences from other cities, show that rent control is a harmful and ineffective solution to the affordable housing crisis.
A full copy of the report can be viewed here.