Rent control dies slowly
As a meme, rent control is tenacious, resisting efforts for its eradication, since it turns citizens into windfall beneficiaries, and beneficiaries into self-interested defenders. Eliminating rent control directly, via frontal assault, typically requires appealing to a higher level of government (e.g. 35 states pre-empt localities) or a broader circle of voters (e.g. statewide referendum). This […]
