Part 13/15:
Furthermore, vacancies increase because landlords wait for more favorable policies or market conditions—they prefer to wait out rent freezes rather than rent to tenants at lower rates. This further reduces available rental units and exacerbates the housing crisis.
Policy Recommendations and Reality Checks
The speaker emphasizes that artificially capping rents only exacerbates shortages and raises prices for non-controlled units. He argues that true solutions involve removing regulatory barriers, thus encouraging new construction and expanding the housing supply.