Democratic presidential hopeful Senator Bernie Sanders, I-VT, recently tweeted a reaction to a story from The Economist describing rising American rent payments. In the tweet, Sanders writes, "This is a crisis. We need national rent control." Sanders is certainly right that we face a housing crisis. Prices for housing have continued to rise with the decline in housing stock relative to population. However, Senator Sanders’ call for national rent control does nothing about this underlying shortage but would rather make it worse. So, what is the solution?
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