Will rent control help alleviate a housing crisis?

Ben Bradford Sep 12, 2019
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A sign advertising apartments for rent is displayed in front of an apartment complex in San Francisco, California. Justin Sullivan/Getty Images

Will rent control help alleviate a housing crisis?

Ben Bradford Sep 12, 2019
A sign advertising apartments for rent is displayed in front of an apartment complex in San Francisco, California. Justin Sullivan/Getty Images
HTML EMBED:
COPY

Under a bill passed yesterday by the state Legislature, most of California’s 6 million rental units would become rent-controlled. The bill prohibits rent increases above 5%, plus the cost of inflation. Lawmakers describe the measure as a way to address the state’s housing affordability crisis, helping renters stay in their homes and avoid being priced out by rising housing costs. Oregon and New York have passed their own rent-control measures this year. But rent control is a controversial policy among housing economists, one that many think can raise prices.

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