Rent Control Expands as Tenants Struggle With the Record-High Cost of Housing

Jim Lapides, of the National Multifamily Housing Council, believes rent controls that address rapidly rising rents and evictions help some families but harm others. Lapides says capping rents does not add to the housing stock and in the long term can lead to fewer affordable units.—npr.org

Answer the following questions to check your understanding of the story.

How can a rent ceiling harm some families?

A rent ceiling can harm some families because if it is set ____________ the market equilibrium rent, it creates a ___________ of low-income housing.

Why is rent-controlled housing inefficient?

Rent-controlled housing is inefficient because at the quantity of housing rented ____________, and a deadweight loss arises because the quantity rented is ____________ than the market equilibrium quantity.

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