Commentary

Charles Hughes

REGULATION

Rent control policies have come back in vogue for some cities grappling with higher housing rents and people worried they will not be able to live in growing, prospering cities. Perhaps no city in the country encapsulates the concerns about housing affordability and availability more clearly than San Francisco, where the median rent for a one-bedroom apartment is more than $3,000. A new paper analyzes the effects of rent control expansion in the city and finds that it reduced rental housing supply, causing a city wide-rent increase. 

Read More: https://economics21.org/html/rent-control-raises-housing-costs-2790.html