The Repercussions of Rent Restrictions

"The Repercussions of Rent Restrictions,” in F. A. Hayek, Milton Friedman, et al. Rent Control: A Popular Paradox. Evidence on The Effects of Rent Control. Vancouver: The Fraser Institute, 1975, pp. 67–83.


“A unique feature of price control in housing compared with that in other goods and services is that wartime housing regulations have been retained and enforced ever since. The reason is not that housing is more “necessary” than, say, food, nor that it has become harder or more costly to supply that other necessaries, but simply that, almost unlike all other consumer goods, it is a durable commodity which, once produced, remains available for many decades and is therefore in some ways more vulnerable to state control than, say, bacon or potatoes.”