In New York, lawmakers are currently debating a compromise between New York City and upstate interests to change the policies that shape residents’ housing costs. New York City lawmakers are fighting for an extension and expansion of current rent control laws, while Governor Cuomo wants to tie this extension to a two percent cap [...]
1. A shameless story of rent control in NYC. Glad to see that the city is forcing developers to subsidize wealthy Manhattanites’ Eat, Pray, Love-like dreams of moving to Paris.
2. The travails of getting a bus lane on a busy LA street where “[m]ore people already travel by bus than by car along [...]
Originally published at Freedom Politics:
In these days of economists constantly debating the right way to revive the economy, it seems like there is no way to find consensus among economists. Economists don’t spend much time debating the issues they agree on, and to them, rent control is about as dead an issue as [...]
The Orange County Register’s new site, Freedom Politics just posted an article I wrote for them on rent control.
Here’s a snippet:
In these days of economists constantly debating the right way to revive the economy, it seems like there is no way to find consensus among economists. Economists don’t spend much time [...]
In an act of pure legislative idiocy in the face of overwhelming consensus among economists against rent control, the New York State Assembly started the ball rolling to strengthen rent regulation. NY Times:
The Democratic-led Assembly passed a broad package of legislation designed to restrain increases on rent-regulated apartments statewide. The legislation would essentially [...]
New York State’s Assembly is now in Democratic control. On many legislators wish list is to end the vacancy decontrol provisions that allow landlords to remove a unit from rent control if a tenant moves out and the unit rents for more than $2,000 per month. (for those of you not in New York, [...]
In Market Urbanism’s four part series on rent control, I avoided the topic of the morality of rent control, as I intended to address the economic issues and leave the morality to others. Thankfully, J. Brian Phillips of the Ad Hoc Committee for Property Rights is an expert on the subject. In his blog, [...]
Thanks to Bill Nelson for tipping me off to the article from The Villager (NYC): Retail rent control?
A city councilmember planned to introduce a bill this week that will require small businesses and landlords to submit to arbitration in negotiating lease renewals if both parties can’t agree on a fair rent.
The far-reaching [...]