Rent control laws set a ceiling on rents and severely limit or prohibit property owners from raising rents. Rather than improving the availability of affordable housing, rent control laws exacerbate shortages, cause existing buildings to deteriorate and disproportionately benefit higher-income households. Forbes magazine lists as one of the 10 worst economic ideas of the 20th century.
Tag: rent control
Multifamily scores ballot winners and losers
The USA is preparing to swear in President-elect Donald J. Trump as its 47th president, or what some housing experts call the...
Rent control fails (again) in California
Proposition 33, the latest attempt to open the door to rent control in California, went down to defeat Tuesday. It was supported by only...
Redfin survey suggests a majority of Americans favor rent control
A recent survey commissioned by Redfin exposes a stark misconception among Americans about rent control. Although economists are in almost total agreement...
Poll shows Californians evenly divided on rent control
In November, Californians will go to the polls for the third time in 6 years to decide whether to repeal the Costa Hawkins Act,...
Biden calls for rent control
President Biden formally announced his national rent control plan at a campaign event in Nevada July 16. The president intends to limit rent increases to...
Prettiest girl in the room
Did you ever watch a rom-com from the 1990’s? Invariably some super popular hot ultra cool guy is given a dollar to date some...
LA County extends rent increase cap
The Los Angeles County Board of Supervisors extended their 4 percent cap on rent increases for certain properties for another 6 months. The cap...
New Section 8 income rule would cap rent growth for LIHTC properties
On January 9, HUD proposed changes to how they calculate Section 8 income limits. The summary of the change as posted on the Regulations.gov...
Building more luxury apartments lowers rent for all classes
One of ten unintended consequences of rent control, according to the National Apartment Association, is that it reduces developers’ incentives to build...
Resurrecting the failed policy of rent control
It certainly isn’t common to find much agreement between the various authors at the Mises Institute and our favorite metaphorical punching bag: Paul Krugman....
Poll shows Californians support rent control initiative
A poll from the Public Policy Institute of California (PPIC) says the 55 percent of likely voters are currently in support of an initiative...
Supreme Court urged to step in on NYC’s rent-control laws
The Supreme Court is considering a petition to hear a case that challenges New York City’s rent stabilization law as pressure builds from stakeholders...
California rent control – round 3 is on
The California Secretary of State’s (CASoS) office announced that the rent control initiative called the Justice for Renters Act has qualified for the November...
Rent control renaissance
Failed attempts to implement rent control remind us there is really only one way to lower housing prices when there is a shortage: build...
California rent control: one measure advances as another fails
California Senate Bill 466 was withdrawn by its author after failing a floor vote. At the same time, a proposed rent control ballot measure...
