Dolls, Mathias; Gstrein, David; Krolage, Carla; … - In: EconPol Forum 23 (2022) 5, pp. 65-69
Rent caps can have significant unintended consequences through lower housing supply. Instead of making housing more affordable, purchase subsidies have provided a windfall for sellers. The real estate transfer tax levied on properties' purchase price substantially decreases property prices. The...