Does rent control impact crime rates? These economists have the answer…

By Jacob Pasey | Marketwatch

Rent-control policies are a cause célèbre advocated by progressive politicians such as New York City Mayor Bill de Blasio and U.K. Labour Party leader Jeremy Corbyn.

But evidence shows that getting rid of these rules causes a reduction in crime.

The sudden end of rent control in Cambridge, Mass., in 1995 resulted in a 16% decrease in overall crime through the year 2000, according to a new working paper by researchers from the Massachusetts Institute of Technology. That equates to roughly 1,200 fewer crimes a year.

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