The Rent Control Revolution: A Glimmer of Hope for Affordable Housing? The recent approval of a two year rent freeze on New York City's stabilized units has sparked both praise and skepticism.
For decades, economists have argued that rent control measures are misguided, reducing the long term supply of housing and exacerbating affordability issues in the long run. However, J. W.
Mason, chair of the economics department at John Jay College of Criminal Justice, suggests that this conventional wisdom may be overstated.