rent control
Rent control is a government policy that limits the amount landlords can charge for renting out residential properties. This regulation aims to keep housing affordable for tenants, especially in areas where demand for housing is high. By capping rent increases, it helps prevent sudden spikes in rental prices that can displace low- and middle-income families.
However, rent control can also lead to challenges. Landlords may struggle to maintain their properties due to reduced income, which can result in less investment in building maintenance. Additionally, it may discourage new construction of rental units, potentially leading to a shortage of available housing in the long run.