Controls will only do damage in a restricted housing market
'Rent control appears to be the most efficient technique presently known to destroy a city - except for bombing," the Swedish economist and socialist academic Assar Lindbeck once said.
Fellow socialist, Nguyen Co Thach, former Vietnamese foreign minister, agreed: "The Americans couldn't destroy Hanoi, but we have destroyed our city." Rent controls again.
"Ultimately you can decide to freeze rents in the morning but that doesn't actually solve the problem," one of our own foremost experts stated.