Germany's Rent Control Is Backfiring, New Study Of 107 Cities Finds Authored by Rainer Zitelmann via RealClearMarkets, Across Europe, the housing shortage is getting worse - and left-wing parties have discovered it as a central political issue. Recently, the far-left party DIE LINKE even won the elections in Berlin, the German capital, campaigning on a demand to nationalize large housing companies. In Spain, hundreds of thousands of people have demonstrated in favor of stricter regulations. But do such measures really help? We should learn from Germany's experience, where a form of rent control known as the "Mietpreisbremse" (rent brake) was introduced back in 2015 and has since been tightened several times. Yet this...
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