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 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...
Infographic: Rent control – Getting the squeeze for poor housing policy and stifling regulation
5%+rate of inflation California state legislators have passed AB 1482 sponsored by Assemblyman David Chiu (d)—San Francisco. The bill limits annual rent increases that commercial...
More rent control in California will make the housing problem worse
Rent control is a terrible idea that just won’t die. The latest example is a new bill working its way through the California legislature...
Assessing the impact of New York’s rent control law
A pair of recent reports from Yardi Matrix and from the National Apartment Association (NAA) focus on the impact of New York’s recently enacted...
Infographic: Unsustainable California
5 reasons California is unsustainable in its current state 1. Rent control Several rent control bills failed to make it through the California Senate. AB 1482...
New York City’s rent control laws erase property rights and worsen housing supply
Owning property means more than having your name on a deed. Lawyers and judges often refer to property ownership as a “bundle of rights,”...
Regulation and housing affordability discussed at PCBC
At the Pacific Coast Builder's Conference in San Francisco, Doug Bibby, President of NMHC, gave a talk about why rent control has become an...
Rent control laws seize New York apartments
Last ditch attempts by real estate developers to thwart final approval of rent control legislation was just too late, reported the New York Times. “There...
The one issue every economist can agree is bad: Rent control
But there are a few questions where there’s near unanimity, and rent control is one of them. Pretty much every economist agrees that rent...
Another rent control fight in California?
Michael Weinstein and his AIDS Healthcare Foundation (AHF), the driving force behind last year’s Proposition 10 rent control initiative in California, have announced that...
Rent control update
While California’s rent control measure, Proposition 10, lost big at the ballot box last year, the push to impose rent control continues. Here’s what’s...
Infographic: California’s circular housing crisis
"Get me a good package on rent stability this year and I will sign it," Newsom said in his State of the State address...
