UK rent controls existed in some form thru most of 20th century & work in plenty of other countries. The Mayor is right to explore how #rentcontrol or stabilisation could work in London to tackle impoverishing housing costs & damaging gentrification https://t.co/xVU3AHcbPA— Hannah Slater (@hannahslateruk) December 10, 2018
How would "rent control" work in practice?
Rent controls around the world
• Germany – Cities like Berlin and Munich have caps on how high rents can go, with the cap varying based on local averages.
• New York – Rent controls are decided at the state level in the US, and while some states have laws preventing rent regulation, New York has had measures in place the longest. More than one million apartments are regulated in some way, with only a small number controlled completely and set way below commercial levels. The rest are stabilised, with rent rises controlled by the Rent Guidelines Board.