Rent Control Laws - Why Do They Exist?

Rent control laws are intended to transfer wealth from those who own and rent their property to those that don't own property. These laws take away income from those who rent their property by reducing the rent they would otherwise receive in a free market economy. Rent control laws exist for two primary reasons (1) The number of renters who vote for politicians exceeds the number of landlords who vote, and (2) The politicians that support the transfer of wealth, support the doctrine: "From each according to their ability, to each according to their needs."


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