European example suggests rent controls could backfire
The introduction of the system in European countries such as Germany and Sweden has had mixed results
A nondescript apartment building in Cork became the focus of the growing clamour for the type of rent controls that have achieved mixed, and sometimes disastrous, results in other European countries.
A €1,200 per month price tag placed on a modest one-bedroom apartment in the Cork development was emblematic of the crisis of Ireland’s rocketing rents, said the Anti Austerity Alliance.
“More and more people are simply being priced out of the market. Others are...
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