Why Rent Control Doesn't Work

"Why Rent Control Doesn't Work" on Freakonomics Radio. The data indicate that it helps some (esp. those already in rent-controlled apartments) and initially reduces displacement, but it also reduces mobility and the ability for *new* residents to access rent-controlled units. Also interesting: New York City is about to experiment with a form of commercial rent management, based on mandatory binding arbitration (rather than actually controlling rent increases).