Rent control policies in LA, Concord, and Phillipsburg face criticism.

Rent control policies resurfacing in cities like LA, Concord, and Phillipsburg face criticism for failing to address affordability, despite the Biden admin's cap on rent hikes in subsidized housing. Economists argue that rent control discourages property maintenance, attracts landlords to remove units from the market, and lessens tenant mobility. Studies show it reduces rental housing supply in cities like SF and Cambridge.

May 03, 2024
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