Rent control is why we used to have a healthy and diverse working and middle class in large cities. Ever wonder why regular people could afford to live in New York City in the 50s 60s 70s and 80s? It’s called rent control. It stops the one percent from driving everyone else out.
A comprehensive review of rent control and economic studies by New York housing lawyer Timothy Collins showed that rent control does NOT slow the economy, create housing shortages, or create slumlords. In fact, “rent regulations have been the single greatest source of affordable housing for middle‐ and low‐income households.” https://mvtenantscoalition.files.wordpress.com/2016/05/myths-and-facts-final-1.pdf
Bernie just brought out his housing plan and it includes a national rent control standard! 😀 https://twitter.com/BernieSanders/status/1172993687892168704