this post was submitted on 23 Aug 2024
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Housing Bubble 2: Return of the Ugly

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[–] TheFonz@lemmy.world 7 points 1 year ago

This is just a cap on the rate increase, not a complete rent price cap. However, you are correct in that rent controls tend to dencentivise new construction, but there are other factors besides rent control that go into that. In other words: it's complicated