What is a common consequence of hoarding under rent control?

Hoarding under rent control often leads to decreased overall living standards because the availability of rental units becomes restricted. When tenants secure rent-controlled apartments, they may choose to remain in those units long-term, even when their housing needs change. This behavior can result in a scarcity of available rentals for those who are in greater need of housing, thus contributing to a mismatch in supply and demand.

As more individuals hold onto these rent-controlled units, fewer rentals become accessible for newcomers or those facing housing emergencies. This creates a situation where the quality of living may diminish for the overall population, as prospective tenants are left with limited options and may need to settle for subpar housing conditions. Additionally, landlords may have less incentive to maintain these properties when their potential return on investment is capped, further lowering living standards.

Other choices reflect different aspects of the housing market dynamics that do not directly relate to the consequences of hoarding under rent control.