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Economist and Harvard professor
would say according to AI:
As an economist, I believe rent price controls can lead to unintended consequences in high-demand areas. While the intention is to make housing affordable, price controls often result in reduced housing supply, decreased investment in maintenance, and disincentives for new construction. This can ultimately exacerbate the problem by reducing the overall availability of housing. Instead, we should focus on policies that encourage the development of more housing and improve infrastructure to support growing populations.
replying to Ken Rogoff