Do Rent Increases Reduce the Housing Supply Under Rent Control? Evidence from Evictions in San Francisco
107 Pages Posted: 20 Apr 2018 Last revised: 25 Aug 2019
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Do Rent Increases Reduce the Housing Supply Under Rent Control? Evidence from Evictions in San Francisco
Do Rent Increases Reduce the Housing Supply Under Rent Control? Evidence from Evictions in San Francisco
Date Written: August 21, 2019
Abstract
Rent control balances strong tenant protections with supply-side incentives for landlords. However, cities with rent control are also some of the United States' most unaffordable, prompting questions about how well these incentives are working. I examine how controlled landlords change their housing supply in response to price increases using a well-identified hyper-local demand shock: the privately operated commuter shuttle systems in San Francisco. Controlled landlords increased market withdrawal lings and became less likely to create vacancies via evictions in response to a shuttle stop placement. Policies raising barriers to market withdrawals prompted controlled landlords to respond by increasing their at-fault evictions.
Keywords: Rent Control, Evictions, Private Transportation, LASSO
JEL Classification: R31, R32, R52, K11
Suggested Citation: Suggested Citation