The Joe Biden–Kamala Harris proposed national rent control policy sets a dangerous precedent that threatens to nationalise the housing industry and promote an unhealthy dependence on federal government intervention. While the proposal aims to alleviate concerns surrounding the current housing market, it is a misguided approach that ignores the root causes of housing problems and […]
That’s strong. A “greedy” admissions director at the posh Dalton School and her husband, a photographer, are being evicted from their rent-controlled Tribeca apartment after using it as their business address for years, a Manhattan judge ruled. Judy Calixto, who has worked at the $61,000-a-year Upper East Side school since 2015, and Michael Goldman, whose […]
Kamala Harris’ promise to “hold corporate landlords accountable and limit unfair rent increases” is well received by voters, but not by economists At her first major rally as the Democratic frontrunner, Vice President Kamala Harris threw down the gauntlet, vowing to “call out corporate landlords and limit unfair rent increases.” In front of 10,000 supporters […]
While the average rental yield has reached a 10-year high of 6.3 percent, landlords have expressed concerns about rent control, according to data from the Foundation Home Loans. In Pegasus Insight’s Landlord Trends report for Q2 2024, 60% of landlords said they have borrowed to finance their portfolio, holding an average of 5.3 loans. For […]
The Larkspur City Council plans to voice its opposition to a proposed rent control ordinance on the Nov. 5 ballot. The City Council, which met Wednesday, instructed its staff to draft a resolution to that effect. The voter-backed initiative on the ballot would expand protections for renters. Mayor Scot Candell said the council may be […]
A house for rent in San Diego. Employee photo San Diego Mayor Todd Gloria and 22 other California mayors on Thursday declared their opposition to Bill 33, calling it an anti-housing initiative. This November, voters will be asked to repeal the Costa-Hawkins Act, which prevents cities from imposing rent controls on single-family homes or apartments […]
