rent stabilization

“Things like rent control are mainly going to redistribute profits from builders and existing landlords to tenants,” said Paul, who called San Francisco’s own measure a “common-sense approach” for boosting housing affordability.

“We can design smart rent control policies to deliver both affordability and stability for renters while also maintaining a healthy market for people to continue building.”

“Most mainstream economists are taught these theoretical models where perfect competition exists, there’s no such thing as market power, you know where landlords have more power than renters”

President Joe Biden proposed legislation on July 16 aimed at implementing nationwide rent stabilization  for the next three years, targeting units overseen by landlords with 50 or more units to prevent annual rent increases exceeding 5%.