East Bay Times editorial: Rent control exacerbates housing shortage

East Bay Times says no on rent control in Richmond and Alameda, no on Oakland Measure JJ. - Written by East Bay Times - Posted Nov 3, 2016

The following is an editorial from the East Bay Times. Rent control has great political appeal. It conjures up notions of reduced housing costs and greater access. But it’s not very effective at protecting poor or vulnerable tenants. And, as most economists agree, it discourages new construction, the very thing we need most to solve our housing crisis and control rents. Moreover, it does not distinguish between tenants who need relief and those who don’t. High-income tenants benefit along with the poor. Consequently, wealthier tenants are...

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