The Solution to California’s Housing Problem is Supply, Not Price Controls

The Solution to California’s Housing Problem is Supply, Not Price Controls

California governor Gavin Newsom recently signed into law a sweeping measure that limits rent increases to 5% plus inflation per year and also restricts landlords’ ability to terminate lease agreements. Leaving aside the ethic of property right curtailment, the new law represents a doubling-down on demonstrably failed policy. More than ever, the answer to California’s housing shortage is freer markets,…

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