Multifamily housing starts fell by 46% in 2023, driven by high borrowing costs and economic uncertainty. Rent control exacerbates supply constraints by discouraging new development and further straining financial viability for property maintenance.

Rent-controlled units in New York City show significantly higher rates of external damage, utility damage, and pest infestations. Landlords in rent-controlled properties defer maintenance due to revenue caps, leaving tenants in substandard conditions.

Rent control reduces investment in housing, with 70% of housing providers scaling back development plans. 61% of landlords defer maintenance, leading to deteriorating housing quality and safety risks for tenants.

Rent control reduces supply, discourages new development, and leads to deteriorating housing stock. Local economies suffer as tax revenues decline and neighborhood quality worsens.

Rent control reduces the total number of rental units and discourages new construction. Higher-income tenants often benefit more than low-income renters, leaving fewer affordable units for those most in need.

Rent control discourages new development and forces landlords to defer essential maintenance. The policy disproportionately benefits higher-income tenants while worsening conditions for low-income renters.

Out of 206 studies reviewed, the majority found rent control reduced supply, worsened affordability, and led to deteriorating housing quality. Rent control shifts costs to landlords and future renters, creating long-term harm to housing markets.

Rent control caused a 15% reduction in rental housing supply in San Francisco, driving up citywide rents by 5.1%. Landlords converted rental units into higher-end properties or owner-occupied homes, further shrinking supply.

A comprehensive review of 206 studies finds rent control consistently reduces housing supply and quality. Rent control leads to deferred maintenance, reduced mobility, and misallocation of housing resources.

Rising construction costs and declining affordability have caused the loss of 6.1 million low-cost rental units in the past decade. Operating costs for housing providers surged, with deferred maintenance threatening the quality of aging housing stock. Rent control does nothing to address these issues, instead accelerating the decline in housing supply and quality.