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Housing Supply Dynamics under Rent Control: What Can Evictions Tell Us?

Brian Asquith

AEA Papers and Proceedings, 2019, vol. 109, 393-96

Abstract: Measuring how rent-controlled landlords change their housing supply in response to rent increases is difficult, because new construction is automatically exempt. This paper explores evictions as a barometer for landlords' willingness to return their units to market when prices increase using San Francisco data. I find no evidence that controlled landlords turnover existing tenants to return their units to market, and some evidence they instead withdraw individual units. I also look at other ways of exiting controls, and find that small landlords are 54 percent more likely to first apply to condo-convert when condo prices rise 5.4 percent.

JEL-codes: R31 R38 (search for similar items in EconPapers)
Date: 2019
Note: DOI: 10.1257/pandp.20191025
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Citations: View citations in EconPapers (7)

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