Tag: Rent Control

Recommended by Ricochet Members Created with Sketch. Quote of the Day: Price Controls

 

“Four things have almost invariably followed the imposition of controls to keep prices below the level they would reach under supply and demand in a free market: (1) increased use of the product or service whose price is controlled, (2) Reduced supply of the same product or service, (3) quality deterioration, (4) black markets.” – Thomas Sowell

Did anyone notice California’s governor imposing statewide rent control on September 10? It was done to make housing more affordable and more available. It was sold as a means of fixing the homeless crisis. Of course, the cities that already had rent control are the cities with the greatest housing shortages and highest rents, but why let reality intrude on a great theory.

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Edward L. Glaeser discusses how the proliferation of unfair laws and regulations is walling off opportunity in America’s greatest cities at the Manhattan Institute’s 2019 James Q. Wilson Lecture. We like to think of American cities as incubators of opportunity, and this has often been true—but today’s successful city-dwellers are making it harder for others to follow […]

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Nicole Gelinas and Howard Husock join Seth Barron to discuss New York’s landmark rent-regulation law and its potential impact on housing in the city and state. Lawmakers in New York recently passed the toughest rent-regulation law in a generation, imposing new restrictions on landlords’ ability to increase rents, improve buildings, or evict tenants. The bill made permanent the state’s existing […]

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Bert Stratton joins City Journal associate editor Seth Barron to talk about Stratton’s experience as a member of one of the most despised but important professions: landlord. Stratton is a musician and blogger, but he makes his living managing apartment units and retail space in a suburban neighborhood outside of his hometown of Cleveland, Ohio. He prefers to call himself […]

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Contributor Post Created with Sketch. Silicon Valley, New York City are Holding Us Back

 

NYCHA_Logo_480x480Big cities, we’re told, are engines of productivity. And that’s mostly true. Regions with capital and a high concentration of technological innovation — places like California’s Silicon Valley — employ people, drive economic growth, do all sorts of good stuff, right?

Well, not so much. And the reasons they’re lagging are interesting. Thanks to Greg Ferenstein, I found this study, from the University of Chicago, that says that it all comes down to… regulation. Land use regulation, at that. From the study:

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Contributor Post Created with Sketch. The Libertarian Podcast: Understanding Property Rights

 

In the latest installment of The Libertarian podcast, Professor Epstein takes us through a thorough consideration of the issue of property rights: how the Founders thought about them, when the courts started distorting them, and what can be done to restore them to reasonable strength. Take a listen:

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