The Affordable Rent Act

Bloomberg: Moraal is among the growing number of Dutch people struggling to find a rental property after a new law designed to make homes more affordable ended up aggravating a housing shortage. Aiming to protect low-income tenants, the government in July imposed rent controls on thousands of homes, introducing a system of rating properties based on factors such as condition, size and energy efficiency. The Affordable Rent Act introduced rent controls on 300,000 units, moving them out of the unregulated market.

The Affordable Rent Act is like anything named the Democratic People’s Republic, you just know it ain’t so.

Addendum: Yes, the Einstein quote is fake. Today, I am in a mood and don’t care.

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