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.

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...
rent control in St Paul Minn

Unintended consequences of rent control

A study by the USC Marshall School of Business finds that the recent rent control initiative approved by voters in St. Paul Minn. negatively...

Is rent control inevitable?

In 1905, the philosopher George Santayana famously said, “Those who forget the past are condemned to repeat it.” Maybe that explains why some people are...

Infographic: Property rights deconstruction

Rent control appears to be the most efficient technique presently known to destroy a city—except for bombing. (Swedish economist and socialist Assar Lindbeck) St. Paul,...
St Paul rent control

Rent control passes in Twin Cities

A pair of ballot measures either implementing rent control (St. Paul) or allowing it to be implemented (Minneapolis) were approved by voters in Tuesday’s...

Latest failed test of rent control: Berlin

Rent control may be making a comeback in the U.S., but the controversial policy had an unceremonious ending in Berlin barely a year after...

NAHB: reduced rent control means more housing

A recently completed study from NAHB found that—even after accounting for employment growth, density, rent growth and local place-specific factors—the supply of housing grew...

The fight over rental control is not over

Voters in California rejected a measure on November 3, 2020, that would have overturned a hard-fought compromise over rent control in one of the...

California voters reject rent control – again

Prop 21, the rent control measure put before California’s voters in the recent election, went down to defeat. While results are still preliminary at...
Prop 21

Voters evenly split on Prop 21

Results of a Berkeley IGS Poll indicate that likely voters are evenly divided on Prop 21, the rent control initiative which is on the...
rent control

Remember Prop 10? Meet Prop 21

The California Secretary of State has designated the state’s latest rent control initiative as Proposition 21. Also known as the Rental Affordability Act, it...

Multifamily investment stumbles in NYC in 2019

Low vacancy rate. Burgeoning population. Expensive real estate. The Big Apple’s multifamily market has always been the champion compared to the rest of the...

Rent control is illegal

New York City recently implemented its far-reaching Housing Stability and Tenant Protection Act of 2019. That law enacted extensive amendments, all plaintiff protective, to...

Yardi Matrix reports on October rent growth

Yardi Matrix released its October report on the multifamily housing market. The report shows that the fundamentals of the market remain strong. Rents show seasonal...

Rising rent control leading to falling development and investment

An increasing number of jurisdictions recently have imposed rent control or are seriously considering doing so, leading many market participants to reconsider their investment...

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