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Liam Dillon @dillonliam
, 4 tweets, 2 min read Read on Twitter
It’s here! The California rent control primer you’ve been waiting for #Prop10 latimes.com/politics/la-po…
In researching my rent control explainer, the divergence between economists who don’t like the policy and other researchers who do was striking. Non-economists would consistently point to the benefits gained from having stable housing and the need to help tenants immediately
I asked Christopher Palmer, an MIT economist, what the right response should be to California’s recent huge rise in property values that has had little to do with landlord investment with tenants bearing the brunt in rising rents. His response? Tax land to fund housing subsides
Some links if you’d like to read more deeply about rent control. Stanford study: web.stanford.edu/~diamondr/DMQ.…; Berkeley Haas study: haasinstitute.berkeley.edu/opening-door-r…; Also, @UCLALuskin did a really nice history of rent control in Los Angeles luskincenter.history.ucla.edu/2018/09/28/his…
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