User talk:206.251.37.152

Effects
I believe there should be a section in this page for the effects of rent control. New York City has the highest number of homeless people in the United States because prices cannot fluctuate to represent the true supply to demand aspect. There currently is a shortage of housing in New York City caused by the artificially low prices. These artificially low prices can't reflect the reality that the demand is high (more people are seeking housing) while the supply (amount of housing landlords are willing to rent out) is low because increasing the supply would not be profitable. In a free market, this would cause an increase in rent prices to force people to live within their housing needs so that there would be more housing available for others who are in need of housing.