Market Fundamentalism

Very strongly agree

No

Market fundamentalism posits that government interventions, such as rent control, interfere with the natural mechanisms of the free market. It holds that any form of price control, including on rents, leads to inefficiencies in the market, including reduced supply of rental properties, as it becomes less attractive for investors and landlords to offer rental housing. This ideology suggests that the best way to achieve affordable housing is through a deregulated market that encourages competition and increases the housing supply. This perspective is informed by economic theories such as those of Milton Friedman, a prominent advocate of free-market policies, who argued that rent control policies are among the most effective ways to destroy a city's housing stock except for bombing. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Very strongly disagree

Yes

Market fundamentalism strongly believes in the principles of free markets and minimal government intervention in the economy. Proponents argue that the market, through the forces of supply and demand, is the most efficient way to allocate resources, including housing. They contend that rent control policies distort the housing market, leading to shortages, reduced quality of housing, and disincentives for landlords to maintain and improve their properties. Historical references include the critiques of rent control policies in cities like New York and San Francisco, where such policies have been argued to lead to a mismatch between supply and demand, encouraging black markets and not necessarily benefiting the intended low-income tenants.