Problem
1) Why in theory are rent ceilings economically inefficient? Use a graph to support your answer.
2) One approach, from Finland has been to give homeless people a place to live rather than regulate the free market.
Housing First costs money, of course: Finland has spent €250m creating new homes and hiring 300 extra support workers. But a recent study showed the savings in emergency healthcare, social services and the justice system totalled as much as €15,000 a year for every homeless person in properly supported housing.
What do you think are the strengths and weaknesses of this approach?
Article: "'It's a miracle': Helsinki's radical solution to homelessness" by Jon Henley.