Rent Control
Business & Economics
Why Rent Control Is Bad for California
Proposition 98, the eminent domain measure that also would have phased out rent control, failed to pass on the June 3 ballot. That means rent control will continue to hurt both landlords and tenants in California because rent control laws restrict what owners can do with their property. Suppose the ...
Robert P. Murphy
June 12, 2008
Why Rent Control Is Bad for California
Proposition 98, the eminent domain measure that also would have phased out rent control, failed to pass on the June 3 ballot. That means rent control will continue to hurt both landlords and tenants in California because rent control laws restrict what owners can do with their property. Suppose the ...