Beltway Confidential

Rent control is killing the coasts

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Published May 22, 2018 9:15am ET
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Rent control is killing the coasts
This Monday, Jan. 8, 2017 photo shows a "For Rent" sign outside an apartment building in Sacramento, California. Lawmakers are considering a measure, sponsored by Assemblyman Richard Bloom, D-Santa Monica, that would allow California communities to expand rent control policies amid rising housing costs. | (AP Photo/Rich Pedroncelli)

Rent control policies on the east and west coasts is causing a housing crisis. And California seems prepared to make things worse.

A 2018 California initiative likely to make the November ballot called the “Affordable Housing Act” would expand state and local government power to control rent prices.

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