rentcontrol
New York City's Rent Guidelines Board (RGB) voted to cut rents at rent-stabilized apartments yet again, although you might not know that from the press coverage. Earlier this week, the RGB—a city regulator responsible for setting maximum legal rent increases on the city's roughly one million rent-stabilized units—voted to allow rent increases of 2.75 percent for one-year leases and 5.25 percent for two-year leases. Nominally, that is a rent increase. When compared against the year's 3.3 percent inflation, as measured by the Consumer Price Index (CPI), that's a real decrease in rents. According...
Reason
Happy Tuesday and welcome to another edition of Rent Free. This week's stories include: A new meta-analysis of rent control studies finds that caps on rents lower rents…along with housing supply and housing quality.A California program to build tiny homes for the homeless produces even tinier results.Cleveland, Ohio, is the latest city to consider a crackdown on short-term rentals.But first, our lead story about the researchers in the United Kingdom who make the audacious argument that the country doesn't need to build more housing, it just needs to redistribute its glut of spare bedrooms. How...
Reason
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