re: New Orleans affordable housing crisis

quote:

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Rent control is a disaster of a policy that favors the opposite of who is intended to benefit by mainly inducing people via artificially low prices to take up more space than they otherwise would, thereby decreasing housing supply, increasing rents at non rent controlled properties, and pushing out the lower income folks who can't get into the rent controlled units.

Not saying you support it or not, just stating it's awful policy

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Rent Control is like communism... it might work for you on an individual basis if you are one of the favored. It's terrible for society, sure.