{"id":11070,"date":"2023-06-29T16:03:37","date_gmt":"2023-06-29T16:03:37","guid":{"rendered":"http:\/\/lonecandle.com\/?p=11070"},"modified":"2023-06-29T16:03:37","modified_gmt":"2023-06-29T16:03:37","slug":"economists-are-right-to-hate-rent-control","status":"publish","type":"post","link":"https:\/\/lonecandle.com\/?p=11070","title":{"rendered":"Economists Are Right To Hate Rent Control"},"content":{"rendered":"\n<p>\n\n&#8220;<a href=\"https:\/\/reason.com\/2022\/04\/13\/study-st-pauls-rent-control-law-primarily-provides-benefits-for-high-income-renters\/\" target=\"_blank\" rel=\"noreferrer noopener\">in St. Paul, Minnesota<\/a>. In 2021, city voters passed a ballot initiative that imposed a 3 percent annual cap on rent increases&nbsp;<em>without<\/em>&nbsp;exemptions for new construction or allowances for inflation.<\/p>\n\n\n\n<p>The result? Developers fled town en masse, walking away from already in-progress projects and canceling permit applications. The city&nbsp;<a href=\"https:\/\/reason.com\/2022\/09\/23\/the-nations-worst-rent-control-law-gets-a-few-moderating-fixes\/\" target=\"_blank\" rel=\"noreferrer noopener\">hurriedly worked<\/a>&nbsp;to weaken the voter-passed law.&#8221;<\/p>\n\n\n\n<figure class=\"wp-block-embed-wordpress wp-block-embed is-type-wp-embed is-provider-reason-com\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"YTcclPf3Hy\"><a href=\"https:\/\/reason.com\/2023\/05\/17\/economists-are-right-to-hate-rent-control\/\">Economists Are Right To Hate Rent Control<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Economists Are Right To Hate Rent Control&#8221; &#8212; Reason.com\" src=\"https:\/\/reason.com\/2023\/05\/17\/economists-are-right-to-hate-rent-control\/embed\/#?secret=uquuOVM5KY#?secret=YTcclPf3Hy\" data-secret=\"YTcclPf3Hy\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;in St. Paul, Minnesota. In 2021, city voters passed a ballot initiative that imposed a 3 percent annual cap on rent increases without exemptions for new construction or allowances for inflation.<br \/>\nThe result? Developers fled town en masse, walking away from already in-progress projects and canceling permit applications. The city hurriedly worked to weaken the voter-passed law.&#8221;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[217,165,270,236,551,437,1406],"class_list":["post-11070","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-economics","tag-economy","tag-housing","tag-regulation","tag-regulations","tag-rent","tag-rent-control"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/11070","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11070"}],"version-history":[{"count":1,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/11070\/revisions"}],"predecessor-version":[{"id":11071,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/11070\/revisions\/11071"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}