Argentina's Rent Control Ban Shows That Free Markets Benefit Both Renters and Property Owners
In December 2023, Argentina ended rent control. Soon after the removal of restrictions, the supply of housing increased. This resulted in more affordable rents, higher quality housing, and more housing options for tenants, in addition to a safe environment for rental housing providers, whose rights were finally respected after the persecution ended. No longer were owners denied rent increases, as well as their existing rental income, and no longer were they prevented from removing tenants when warranted, among other abuses at the hands of rent control officials.
The two articles featured below from reason.com illustrate what Massachusetts voters knew in 1994 when they banned rent control, and what the current electorate should know throughout the United States when studying Argentina as just one example of why rent control should be banned everywhere.
Javier Milei Ended Rent Control. Now the Argentine Real Estate Market Is Coming Back to Life.
by Amir Shahsavari and Allen Hebert
