Rent Control Makes Sense Only for Politicians

Economists agree on the perverse effects, for landlords and everyone else.

If you thought Seattle housing was already daunting....

Photographer: Mike Kane/Bloomberg

So I see that Seattle is considering rent control. For a columnist who covers economic issues, this is a little bit like hearing that residents are debating how big to make the reet pleats on their zoot suits. It's hard to get economists to agree on much of anything, but as Alex Tabarrok notes, this is an area of rare consensus among economists: Rent control creates more problems than it solves.

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