Wednesday, September 25, 2024

Argentina Scrapped Its Rent Controls. Now the Market Is Thriving

Good news! Bravo chainsaw man!

No wonder the economy of Argentina was not doing well!

Government price controls are some of the most foolish measures of all!

"Argentina's recent repeal of rent control by libertarian President Javier Milei has led to a surge in housing supply, with the freedom to negotiate contracts, previously restricted, directly causing a drop in rental prices.

Milei, a self-described "anarcho-capitalist" known for his free-market approach, repealed the 2020 Rental Law, enacted by former leftist President Alberto Fernández, which had imposed restrictions on landlords and led to a significant decline in rental availability. ..."

Argentina Scrapped Its Rent Controls. Now the Market Is Thriving. - WSJ "President Javier Milei’s fiscal ‘shock therapy’ yields lower rents overall, but some people feel squeezed"






No comments: