There are some good articles out there this morning, I want to share them with you…
Rationalitate - California developments halted over water
While the knee-jerk libertarian reaction might be disgust, I think the markets are probably ruined by the government, and current pricing isn’t what it would be in a market setting. UCLA professor Edward Leamer [...]
Ilya Somin at Volokh - Causes of the Defeat of Proposition 98
There were two major causes of Prop 98’s defeat. One was the sponsors’ mistake in combining the popular cause of restricting eminent domain with a far less popular phaseout of rent control.
The second and more unusual cause of 98’s defeat was the presence of [...]
Ilya Somin at Volokh: Why California’s Proposition 99 is a Lot Worse than Nothing
Yesterday’s California returns show that Proposition 98 - the referendum initiative that would have imposed real restrictions on eminent domain and also phased out rent control - has been overwhelmingly defeated by a 61% to 39% margin. The rival Proposition 99 - [...]
Ilya Somin at Volokh: Polls on California Eminent Domain Ballot Initiatives Show Prop 98 Likely to Fail and Prop 99 Likely to Pass:
In a recent Field Poll cited in the article, Proposition 98 was losing by 43 to 33 percent among “likely voters,” while Proposition 99 was ahead by 48 to 30 percent. A [...]
Welcome to the final post in the series discussing the consequences of rent control. Thank you to the subscribers who have patiently awaited each new post. I hope everyone found it enlightening.
If you haven’t read the entire series, you can catch up with these links:
Rent Control Part One: Microeconomics Lesson and Hording
Rent Control Part Two: Black [...]
With the referendum approaching, the debate over rent control is heating up in California. This video is pretty balanced in showing both sides. There are some memorable quotes, like “social security and pension plan would not pay the market rent, so I just wouldn’t eat.” I guess this guy values his $375/mo [...]
With New York’s new Governor’s rent subsidized by his landlord and California debating the best ways to end rent control through Proposition 98, I thought it was a good opportunity to discuss the negative aspects of rent control.
This post is the second in a four part series on the rent control read all four posts
Rent [...]
This post has been released as the first in a four part series:
Rent Control Part One: Microeconomics Lesson and Hording
Rent Control Part Two: Black Market, Deterioration, and Discrimination
Rent Control Part Three: Mobility, Regional Growth, Development, and Class Conflict
Rent Control Part Four: Conclusion and Solutions
With New York’s new Governor’s rent subsidized by his landlord and California [...]
Check these out:
