Rather than “reform” rent control — in other words, try to correct a past mistake with a compounded error — it should be ditched entirely. Listen to the economists.
Los Angeles is one of more than a dozen California cities with rent-control laws, and by no coincidence, is one of the most unaffordable places to live. The City Council recently approved a proposal that gives owners more leeway to raise rents.
It’s by no means a bold plan. It nibbles around the edges and won’t increase housing supply in any perceptible way.
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.
Los Angeles Tries to ‘Fix’ Rent Control
Kerry Jackson
Rather than “reform” rent control — in other words, try to correct a past mistake with a compounded error — it should be ditched entirely. Listen to the economists.
Los Angeles is one of more than a dozen California cities with rent-control laws, and by no coincidence, is one of the most unaffordable places to live. The City Council recently approved a proposal that gives owners more leeway to raise rents.
It’s by no means a bold plan. It nibbles around the edges and won’t increase housing supply in any perceptible way.
Read the op-ed here.
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.