The Cato Institute does a good job in this article to introduce the relationship between market prices and the various ways that governments have controlled them through different price control mechanisms in the past, present, and the related discussions for the future.

Additionally, highlighting what some of the historic unintended consequences have been when free market pricing mechanisms have been artificially managed and/or manipulated by well intended policy makers.

Currently, the consequences and failures of these proposals receives little debate and discussion, but this will and should change in order for the US to avoid making some extremely seriously flawed policy decisions that will do far more harm than good to the housing industry.

If we head down this path of price controls, the unintended consequences will not just negatively impact rental property owners and managers but will also act as a series of tipping dominos that will hurt our resident customers and their families as well.    

Click on the link below to read the article, or you can also simply listen to it:

Market Prices and Price Controls: An Introduction

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The Apartment Association of Northeast Wisconsin