Re:California Approves Statewide Rent Control
by slavik81 on Thursday September 12, 2019 @03:24AM
(#20948888)
> Any price control inevitably has negative consequences in the market. This is practically a law of economics.
There is an exception: if the price ceiling is higher than the market price, then the ceiling will have no effect. It may be that the allowed rate of increase is high enough that it's an ineffective price control, in which case there would be minimal market distortion.
There is an exception: if the price ceiling is higher than the market price, then the ceiling will have no effect. It may be that the allowed rate of increase is high enough that it's an ineffective price control, in which case there would be minimal market distortion.