Konstantin A. Kholodilin: Rent Controls Lead to Less Construction and Lower Quality

Certainly! Here’s a brief summary of the article “Konstantin A. Kholodilin: Rent controls mean less construction, lower quality, and lower residential mobility” from ConservativeHome:
In his article, Konstantin A. Kholodilin argues that rent controls, while often implemented with the intent of making housing more affordable, tend to have several negative consequences. He asserts that such regulations typically lead to a decrease in new housing construction, as developers and investors find the market less attractive. Additionally, the quality of existing rental properties often declines, since landlords have less incentive to invest in maintenance and improvements. Finally, Kholodilin points out that rent controls can reduce residential mobility, making it harder for tenants to move and find suitable housing. Overall, he suggests that rent controls may ultimately exacerbate the very problems they aim to solve.