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: 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...
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...
