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
Is rent control coming to Illinois?
For now, a state-wide prohibition on rent control remains the law of the land in Illinois. However, the election of a new governor, Democrat...
Rent control back in play in California
When California voters in 2018 soundly rejected a proposition to allow rent control to be imposed statewide, you would be excused for thinking that...
NMHC and NAA Statements on the Passage of Oregon Rent Control Legislation
Today, the Oregon State House passed SB 608, a bill that creates a new statewide rent control law. The measure now goes to Governor...
In defense of reason and landlords
Oregon is on its final turn toward statewide rent control by legislative fiat. California landlords are just catching their breath after dodging the rent...
Oregon likely to become first in the nation to adopt statewide rent control
As home and rental prices rise across the country, more and more locales are giving serious consideration to a policy long denounced by economists:...
The battle for property rights
Advocates for new rent control laws are still fighting—even after voters rejected California’s “Prop 10” ballot initiative that would have allowed tough new rent...
In a critical victory for the multifamily industry, California voters defeat Prop 10
Statement from National Multifamily Housing Council (NMHC) CEO Doug Bibby on California Ballot Initiative Proposition 10: “California voters sent a resounding message yesterday that rent...
Rent control’s negative impacts
The Fisher Center for Real Estate and Urban Economics (FCREUE) at UC Berkeley issued a paper intended to lay out the case against re-introducing...
Are market-based rents on their last song?
If voters opt yes on Prop 10, we can say hello to new—and, frankly, aggressive—rent control regs in California. Local municipalities would have the...
One argument for rent control
The Haas Institute for a Fair and Inclusive Society at UC Berkeley has issued a policy brief intended to lay out the case for...
Proposition 10: It can get worse
Proposition 10 will be on California’s November’s ballot. Its passage would mean repealing the 1995 Costa-Hawkins Act, a state law that severely restricts rent...
Taking sides on California’s rent control initiative
With two months to go before the general election, forces are lining up for and against California’s Proposition 10, which would greatly expand local...
Essex spends big to defeat rent control measure
Essex generates 84 percent of its net operating income in California, far more than any other large apartment REIT. That explains why Essex has...
New research on rent control confirms negative economic, social impacts
Rent control policies are laws that cap rents and are usually implemented with the stated purpose of improving housing affordability. In fact, they may...
SALT, sanctuary and rent control, oh my
Fast five facts on the state of California California has the nation’s highest income tax rates, topping out at 13.3 percent of taxable income (SALT=state...
