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
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California Senate Bill 466 was withdrawn by its author after failing a floor vote.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...
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...
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...
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...
