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
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,...
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...
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...
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...
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...
