“The same thing is happening with rent control,” Paul said. “When we see states considering it, developers are saying ‘we’re going to leave’ but that really hasn’t played out.”
Topic
rent stabilization
Rent-control measure’s changes to SF clear, but its effects aren’t
“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.
Rent Control Is on the Ballot Again. Here’s What to Know
“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.”
Mark Paul – Proposition 33 Would End State Limits on Rent Control
“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”
Why President Biden’s rent stabilization proposal won’t solve the housing crisis
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%.