Comment Comment by jkot Prague had rent control for over two decades. Regulated rent was about 5x lower than commercial. Over time this lead to some interesting stuff:- home owners would cut hot water and electricity, just to get tenants out.- there was regular black market where one could buy contract for cheaper rent- tenants with lower price would subrent apartments for commercial price- in Prague it was highly discriminatory for students and other poor people, who had to live in Prague.- It did not protected city center anyway, people eventually moved away.- there was huge conflict of interest. Some PM, government members, town hall officials... lived in cheaper apartments. parent jkot 11 years ago
- home owners would cut hot water and electricity, just to get tenants out.
- there was regular black market where one could buy contract for cheaper rent
- tenants with lower price would subrent apartments for commercial price
- in Prague it was highly discriminatory for students and other poor people, who had to live in Prague.
- It did not protected city center anyway, people eventually moved away.
- there was huge conflict of interest. Some PM, government members, town hall officials... lived in cheaper apartments.