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What is the likely result of rent control in Berlin?

FreeMarketUnicorn · 2020
Stack Exchange · Datasets · License: CC BY-SA · 2020
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economicspricing
What predictions does economics make about the likely result of this policy in Berlin of capping rent prices. Berlin is freezing the rents of 1.5 million apartments for the next five years starting this Sunday in a controversial move to control the exploding costs that have forced many to move outside Germany's capital city.
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