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Rent control helps keeps prices for rent in San Francisco affordable for middle and working class individuals as well as those on fixed incomes such
Rent control helps keeps prices for rent in San Francisco affordable for middle and working class individuals as well as those on fixed incomes such as the elderly. However, rent control also creates an artificial shortage of housing in San Francisco because it keeps the price from reaching equilibrium (i.e., the "correct" market price). This situation hurts landlords and deprives the city of much needed tax income.
If you were mayor of San Francisco, how can rent be control? What would your priorities be?
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