Rep. Ayanna Pressley (D., Mass.) joined fellow Democrats last week in calling for the passage of the Housing Emergencies Lifeline Program…
“Evictions are an Act of Policy Violence”: Pressley and Democrats Introduce Eviction Reform Legislation
“Evictions are an Act of Policy Violence”: Pressley and Democrats Introduce Eviction Reform Legislation
15 Apr 2026 Leave a comment
in economics of regulation, income redistribution, politics - USA, Public Choice, rentseeking, urban economics Tags: regressive left, rent control
Michelle Tandler on NYC rent control
28 Jan 2026 1 Comment
in applied price theory, economics of regulation, income redistribution, law and economics, politics - USA, property rights, Public Choice, regulation, rentseeking, urban economics Tags: rent control
This is what I’m seeing: + 2.4 million rent-controlled apartments in a city with a massive housing shortage and 1.4% vacancy rate. + A huge % of these tenants are wealthy, white boomers using the units as pieds-a-terres while they spend their weekends and summers elsewhere. + Meanwhile, the government is using rent control to…
Michelle Tandler on NYC rent control
A tale of two cities and rent control
23 Dec 2025 Leave a comment
in applied price theory, comparative institutional analysis, econometerics, economics of regulation, law and economics, market efficiency, property rights, Public Choice, rentseeking, urban economics Tags: rent control
WSJ: What the Twin Cities Tell Us About Fixing the Housing CrisisThe Natural Experiment: In 2022, St. Paul enacted one of the strictest rent-control regimes in the country. The ordinance capped annual rent increases at 3% for most apartments, even empty ones. It didn’t adjust for inflation. … Across the Mississippi River, Minneapolis steered clear of rent…
A tale of two cities and rent control
Rent Control Creates Ghost Apartments
22 Dec 2025 1 Comment
in applied price theory, econometerics, economic history, economics of regulation, law and economics, politics - USA, property rights, urban economics Tags: rent control
Adam Lehodey writing at City Journal: In New York City, making a profit on real estate has become increasingly difficult. Rent-stabilization laws built on the mantra that “housing is a human right,” a dysfunctional housing court, and myriad other interventions have driven thousands of units off the market, giving rise to the phenomenon of New York’s “ghost…
Rent Control Creates Ghost Apartments
Argentine Rental Market Natural Experiment
24 Nov 2025 Leave a comment
in applied price theory, development economics, economics of regulation, growth disasters, history of economic thought, income redistribution, law and economics, property rights, Public Choice, public economics, regulation, rentseeking, transport economics, urban economics Tags: Argentina, rent control
One of Argentine President Milei’s radical reforms was to “take a chainsaw” to rent control laws. Argentina had had some of the most restrictive rent control regimes ever. All of that was abandoned almost over night. Many media outlets noted with glee that rents fell dramatically. Even most economists were surprised by how much supply…
Argentine Rental Market Natural Experiment
Mamdani’s unworkable proposal for NYC-owned grocery stores
31 Jul 2025 1 Comment
in applied price theory, comparative institutional analysis, constitutional political economy, economics of regulation, income redistribution, law and economics, Marxist economics, politics - USA, property rights, Public Choice, rentseeking, transport economics, urban economics Tags: economics of socialism, regressive left, rent control, useful idiots
Democrat Zohran Mamdani is likely to be the next mayor of NYC, as he proffered a number of campaign promises that delighted progressives young and old. (This is besides his pro-Palestinian stand on the Gaza war, which is irrelevant to his actions as NYC mayor but still delighted the benighted.) Here are a few of […]
Mamdani’s unworkable proposal for NYC-owned grocery stores
The Affordable Rent Act
22 Sep 2024 Leave a comment
in applied price theory, economics of regulation, income redistribution, law and economics, property rights, Public Choice, rentseeking, urban economics Tags: rent control
Bloomberg: Moraal is among the growing number of Dutch people struggling to find a rental property after a new law designed to make homes more affordable ended up aggravating a housing shortage. Aiming to protect low-income tenants, the government in July imposed rent controls on thousands of homes, introducing a system of rating properties based on […]
The Affordable Rent Act
Rent controls make many tenants worse off in the Netherlands
10 Sep 2024 Leave a comment
in applied price theory, economic history, economics of regulation, income redistribution, Public Choice, rentseeking, transport economics, urban economics Tags: rent control
Rent controls have created shortages of housing, every time and in every place that they have been tried. In the latest futile attempt to create working rent controls, the Netherlands has worsened its housing shortage. As Bloomberg reported recently (paywalled, but try this alternative link):Two years ago, Nine Moraal and her two children moved into a…
Rent controls make many tenants worse off in the Netherlands
Price Controls Reflect Utter Economic Insanity
25 Aug 2024 Leave a comment
in applied price theory, economics of regulation, entrepreneurship, history of economic thought, industrial organisation, liberalism, Marxist economics, politics - USA Tags: 2024 presidential election, price controls, regressive left, rent control
TweetIn the print edition of tomorrow’s (Friday’s) Wall Street Journal, Richard McKenzie and I explain some of the many unintended ill-consequences of the price controls proposed by Kamala Harris. A slice: Price-control proponents often justify their position by claiming that grocery stores are monopolies. They point to a fantasy economic theory that purports to show how…
Price Controls Reflect Utter Economic Insanity
The Minimum Wage, Rent Control, and Vacancies or Who Searches?
31 Jul 2024 Leave a comment
in applied price theory, comparative institutional analysis, econometerics, economic history, economics of regulation, income redistribution, labour economics, labour supply, law and economics, minimum wage, politics - USA, property rights, Public Choice, regulation, rentseeking, unemployment, urban economics Tags: housing affordability, regressive left, rent control
In an interesting new paper Federal Reserve economists Marianna Kudlyak, Murat Tasci and Didem Tüzemen look at what happens to job vacancy postings when the minimum wage increases. The vacancy data in our analysis come from the job openings data from the Conference Board as a part of its Help Wanted OnLine (HWOL) data series. […]
The Minimum Wage, Rent Control, and Vacancies or Who Searches?
Rent Control Reduces New Development: Bug or Feature?
30 Jul 2024 Leave a comment
in applied price theory, comparative institutional analysis, income redistribution, law and economics, politics - USA, property rights, Public Choice, rentseeking, urban economics Tags: housing affordability, land supply, regressive left, rent control
The minimum wage will tend to increase unemployment among low-skill workers, often minorities. To many people that’s an argument against the minimum wage. But to progressives at the opening of the 20th century that was an argument for the minimum wage–progressive’s demanded minimum wages to get women and racial minorities out of the work force. […]
Rent Control Reduces New Development: Bug or Feature?
Biden’s Desperate Vote-Buying Proposal for Nationwide Rent Control
15 Jul 2024 Leave a comment
in applied price theory, comparative institutional analysis, economic history, economics of regulation, income redistribution, law and economics, politics - USA, property rights, Public Choice, rentseeking, urban economics Tags: rent control
I’m not a political pundit, but I’m guessing that yesterday’s despicable assassination attempt on Donald Trump increases the likelihood that he reclaims the White House. That’s probably not good news for trade policy (though Biden has been just as bad), but it will be very good news for housing policy. Not because of what Trump […]
Biden’s Desperate Vote-Buying Proposal for Nationwide Rent Control
100 Years of Rent Control in Sweden
17 Mar 2024 Leave a comment
in applied price theory, economic history, economics of bureaucracy, economics of regulation, history of economic thought, income redistribution, law and economics, property rights, Public Choice, public economics, rentseeking, urban economics Tags: rent control, Sweden
Bet On It reader Vanja Månborg knows a lot about rent control in Sweden. If you think Sweden is a country of thoughtful technocrats where government intervention works well, reading his guest post may make you think again. Here’s Vanja:Sweden has had rent control regulations since 1917 with less than two decades of pause between…
100 Years of Rent Control in Sweden
Gaelic Price Control
05 Mar 2024 Leave a comment
in applied price theory, economics of regulation, Public Choice, urban economics Tags: rent control
Here is a nice video on the experience with price control in Ireland and Scotland. Hat tip: Marginal Revolution
Gaelic Price Control
Statewide Rent Control Being Considered in Washington
27 Feb 2024 Leave a comment
in applied price theory, applied welfare economics, economics of regulation, politics - USA, urban economics Tags: rent control
Five things to know about WA proposal to limit rent hikes | The Seattle Times Isn’t rent control one of the most studied economic experiments? And hasn’t it been shown to be, over the long term, a disaster for everyone involved? What does economic evidence tell us about the effects of rent control? | Brookings […]
Statewide Rent Control Being Considered in Washington
Utopia, you are standing in it! 
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