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Friday, July 12, 2024

Tag: rent control

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.

president biden proposes national rent control

Biden calls for rent control

In President Biden’s press conference on July 11, he mentioned his plan to impose rent control with a 5 percent rent increase cap on...
LA county supervisors extend tighter rent control

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...
HUD sets new Section 8 income rule

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...
multifamily housing construction

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...
Building more is the only way out of America’s housing crisis. Rent control and other government restrictions are just going to make the affordability problems in the U.S. all the worse.

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....
election on California rent control

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

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 ballot initiatives on rent control

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...
california state senate bill SB-466

California rent control update

A measure which would expand the number of properties in California which could be subject to rent control is working its way through the...

Rent control hurts housing supply, new research finds

New research from the National Apartment Association (NAA) highlights the unintended and detrimental consequences of rent control. The research, conducted by NDP Analytics and...
justice for renters act rent control

California rent control – round 3?

A new rent control initiative, titled the Justice for Renters Act, has been cleared by the California Attorney General to begin the process of...

The rent control bomb

Some of our nation’s politicians seem to know very little about basic economic principles despite constantly proposing legislative action on economic issues. Sen. Elizabeth...

Rent control doesn’t work, anywhere

Sweden’s rent control is widely touted by many who don’t understand economics as a model for how a property market should work. Young people...

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