Rent-control Initiative Could Obliterate California’s Housing Markets

Before its news quotes Assar Lindbeck, IFN and Stockholm University, explaining that “in many cases rent control appears to be the most efficient technique presently known to destroy a city – except for bombing.” "He’s right on target", the writer argues, "given that rent control destroys housing markets because it takes away the incentive to build new apartments, reduces the willingness of landlords to upgrade and maintain their properties, and encourages tenants to squat indefinitely in their below-market units".