Milei Got Rid of Rent Control in Argentina

[Murray Rothbard]

Argentina's recent repeal of rent control by libertarian President Javier Milei has led to a surge in housing supply, with the freedom to negotiate contracts, previously restricted, directly causing a drop in rental prices.

Since Milei's repeal of rent control laws took effect on December 29, the supply of rental housing in Buenos Aires has jumped by 195.23%, according to the Statistical Observatory of the Real Estate Market of the Real Estate College (CI).

Argentina got rid of rent control. Housing supply skyrocketed

The Argentine president, known for his free-market stance, repealed a law that had imposed restrictions on landlords and significantly reduced rental availability.

www.newsweek.com

 

[argeiCanuck]

Milei Is a the best miracle since sliced bread.

Cured all our ills

None stop ,,, till we all get sick ,,,

 

[Redpossum]

Argentina's recent repeal of rent control by libertarian President Javier Milei has led to a surge in housing supply, with the freedom to negotiate contracts, previously restricted, directly causing a drop in rental prices.

Since Milei's repeal of rent control laws took effect on December 29, the supply of rental housing in Buenos Aires has jumped by 195.23%, according to the Statistical Observatory of the Real Estate Market of the Real Estate College (CI).

Argentina got rid of rent control. Housing supply skyrocketed

The Argentine president, known for his free-market stance, repealed a law that had imposed restrictions on landlords and significantly reduced rental availability.

www.newsweek.com

Yeah, and then you woke up.

 

[LuckyLuke]

This article makes some premature assumptions. Previously it wasn't worth a landlord's time to list a unit as maintenance costs (adjusted daily) rapidly exceeded any profit from the tenant's rent (adjusted annually). Now that the adjustment frequency can be as low as 4 months, the landlords are more interested but it will remain to be seen if tenant salaries can actually keep up with the adjustments...