the supply of owner-occupied housing, but can also contribute to gentrification associated with the inflow of different …

temporary rent control policy in Berlin, Germany. We calibrate the model to key features of Berlin’s housing market, in … particular the recent gentrification of inner city locations. As expected, gentrification benefits rich homeowners, while poor … renter households lose. Our counterfactual analysis mimicks the rent control policy. We find that this policy reduces welfare …