| by Kenneth Chase | 100 comments

Why Rent Control Hurts Renters


There’s no hot button issue hotter than rent
control. Even the most courageous politican quakes at the idea of opposing it. For starters,
no one likes landlords. Second, those who benefit from rent control – and there are
a lot of them — vote. And it has huge emotional appeal. Imagine
this six o’clock news story: a reporter interviews a senior citizen describing how she’ll have
to vacate her small apartment, her home for twenty five years, if her rent control isn’t
maintained. What politician wants to go up against that?
These are just a few of the reasons why, once a city adopts rent control, it’s almost impossible
to dislodge it. But does rent control work? Does it lower
or housing costs? And does it increase the building of more affordable housing?
It might surprise you to know that nearly all economists — on the right and the left
— from the late Milton Friedman to Paul Krugman agree that the answer is no. In a survey of
464 economists in the May 1992 issue of American Economic Review, 93% said that “a ceiling
on rents reduces the quantity and quality of housing available.”
Why the unanimity? Because it’s an accepted economic principal that government imposed
price controls — and that’s what rent control is — always lead to price distortions — in
this case rents. This applies everywhere, but let’s focus on
New York City, the place where I have concentrated my research. New York has the biggest rental market in
the country. Of the city’s 8.2 million residents, 5 and a half million rent. And these five
and half million renters live in about 2.2 million apartments or rented houses. Every year, a city board votes on how much
owners of rent-regulated apartments will be able to charge their tenants for the following
year’s one-year or two-year leases. The board members base their decisions not
on supply and demand but on an estimate of how much costs such as fuel and insurance
have risen. And, of course, how much of an increase voters will tolerate. Think about what this means: the longer you
stay in your apartment the more you benefit from below-market rents. Or to put it another
way, why would you ever leave your rent controlled apartment?
The late screenwriter Nora Ephron once noted with some satisfaction that she moved into
a five-bedroom apartment on the Upper West Side in 1980 and stayed there for 24 years,
paying one-third the true market rent. The well-off who benefit from great rents have the resources (in part from the money
they’ve saved on rent!) to make their own improvements to their units – paint, redecorate
and so on. But what about the majority of renters who
have much less money? They’re not so lucky because landlords can’t afford to improve
or even maintain their rent-controlled apartments. Since they can’t raise rents to market levels,
they can only make a profit by keeping their costs to an absolute minimum.
And there’s another reason landlords have little incentive to maintain rent controlled
apartments. They have no fear that their renters will move out. And if they do, there’s always
a long line of people waiting to move in. And consider one more unintended consequence of rent control. Why would investors build
new apartments for anyone but the very wealthy in a city where rents are controlled?
The answer, of course, is that they rarely do. The vast majority of new residential construction
in New York is geared to the wealthy who can pay rents above the controlled limit or who
are willing to buy their apartments outright as condos or co-ops. These expensive units
are well beyond the reach of the middle class, let alone those lower on the economic strata.
In sum, rent control 1: Hurts the people it’s supposed to help.
2: Gives landlords little incentive to improve their housing stock.
3: Discourages construction of new housing for all but the rich.
And the voters love it! So, rather than dream of the day when New
York or Los Angeles and other rent controlled cities might abandon this self-destructive
urban policy, maybe we should see this as a cautionary tale that well illustrates a
valuable maxim: be wary of government programs bearing gifts. Like the famous horse that
destroyed an ancient city, they come with all sorts of problems.
I’m Nicole Gelinas, a senior fellow at the Manhattan Institute for Prager University.

100 Comments

Leonardo Sanchez A.

Oct 10, 2018, 10:30 am Reply

Increasing the rent 10% percent every year . Until renters can't affort to leaved there any more. Were i leave parking use to be free an then they increased it to 25 monthly an now they increased it to 50 better park in the street an increasing rent every year. Either way if they make new apartments they will start 1, 500 for studio an 2,000 for 1 room or more.

Franklin Shayota

Oct 10, 2018, 10:40 am Reply

Please don’t pass prop 10 in California everyone

FWICTV FWICFASHION

Oct 10, 2018, 10:29 pm Reply

Talk about how much contractor get from taxes tax breaks for building and government funding. If contractor don't want to build it #Prop10 passes then we will find contractors that will.

FWICTV FWICFASHION

Oct 10, 2018, 10:31 pm Reply

She is full of shit Land lords don't fix apartments as is she is speaking to people who don't live in the real world… Kids don't listen to this!!!!!!!!!!

FWICTV FWICFASHION

Oct 10, 2018, 10:32 pm Reply

Landlords had there opportunity to help I. There own way and they sit back and get fat! This is BS

Rick Roche

Oct 10, 2018, 3:57 am Reply

I'm a Vet on a fixed income. Lived same apartment 10 years with $25.00 monthly increase yearly. New property managers came in and raised our rent $75.00 then 4 months later $250.00 a month ( to "market"). Where am I going to live now? They can charge as much as they want whenever they want is just wrong! Simple greed!

Mike will

Oct 10, 2018, 1:44 am Reply

Just for FACTS! the"survey" cited in this post, is BS, it was taken in 1992, before the changes in the Tax code, such as the Trump tax changes allow Real estate investors to make money, by deducting a portion of the cost of their buildings from their taxable income each year, generating paper losses, the depreciation deduction—which assumes buildings decline in value when in fact they often gain— basically let the owner decide what his tax bill should be, even Zero. This allows owners to make money, even if the building is vacant. The FACT! that the poster using Old "surveys" and wrong information, proves they are attempting to lie and at least, shows a lack of real facts

Anthony Flores

Oct 10, 2018, 7:01 pm Reply

Video doesn't provide data to their claims anywhere in the description. This can easily be some rhetorical nonsense meant to steer a demographic

AM Mercurio

Oct 10, 2018, 12:18 pm Reply

So basically what you're saying is that rent control stops landlords from improving the apartments that are under rent control . So it is better to throw those people into the street with no apartment then have them live in an apartment that a slumlord landlord just doesn't want to fix. Because he needs more money in his pocket. I've never heard such a b***** argument in my life.

Bryan Shoemaker

Oct 10, 2018, 3:55 pm Reply

already voted. no rent control

Cali Killa Klown

Oct 10, 2018, 8:20 am Reply

We’ve tried your way for 20 years and rent in the Bay Area is now over $2000 per room. Time for change. Yes on 10

Cali Killa Klown

Oct 10, 2018, 8:23 am Reply

These landLORDS are DONE! You have gathered all this money to stop prop 10, but we are tired of being your slaves. Time to Make California Great Again! Yes on 10

Jazzy Jez

Oct 10, 2018, 1:05 am Reply

Gotta love how the propose alternatives or solutions.

Gavarni Bijovug

Oct 10, 2018, 8:41 pm Reply

This channel is for sheep, who are also morons. I have never seen such disgusting pseudo-knowledge as this heap of scummy crap. Take the sentence "how rent control harms renters" and changes rent control to "low-cost health care insurance" and "renter" to "average people who could potentially become ill". Whoever is behind this channel is just the lowest-stinkest-nastiest being on earth. Plus, he or she is a selfish blood-sucking REPUBLICAN. Oh! How I hate them.

J Lei

Oct 10, 2018, 5:16 pm Reply

If rent keeps getting higher and prices keep getting up, theres gonna be a point where no one will be able to afford anything and businesses will fail. Renters will be force to lower their rent. I believe something needs to be done.

Anthony Morris

Oct 10, 2018, 1:34 am Reply

In Ontario, we have a system that benefits both the renter and the landlord. Rental increases are set at the rate of inflation to protect tenants and still allow landlords an annual increase. The price of home ownership in Toronto has skyrocketed consistently over the past 20 years. Without rent control, rents would be doubling. You can't be expected to come home from work every day fearful of a notice from the landlord of an increase that forces you to continuously move. It's unreasonable. However, to ensure the continuous building of purpose built rental buildings, landlords are allowed to ask for market rent anytime a unit is vacated. The proof that this system works, is that people in Toronto aren't forced out onto the streets because of unaffordability, and there is a building boom of rental accommodation within the city. Buildings are in very good shape due to the competition and the desire to attract market rent for any new tenants. Take away rent control and you have rising homelessness. Removing rent control entirely just creates other problems which Prager is refusing to acknowledge.

Arminius of Germania

Oct 10, 2018, 2:42 am Reply

Don't live in New York?????

Rang123 Yea

Oct 10, 2018, 5:42 pm Reply

There is a book "Conservative Comebacks to Liberal Lies" by Gregg Johnson he has a whole chapter on the failure of rent control .

Fled Nanders

Oct 10, 2018, 7:16 pm Reply

Seeing this in my recommended killed by boner.

Mr. Afifi

Oct 10, 2018, 2:01 am Reply

PragerU the israelis, their Jewish bankers and insurance companies don't want you to have rent control I hope you are not too surprised…
Wake the American Giants!

Rafael Caro Quintero

Oct 10, 2018, 5:58 am Reply

This video just convinced me to do the opposite and vote yes on prop 10. Thank you Prager.

Big Mac

Oct 10, 2018, 10:35 am Reply

California just vote Cox and free YOURSELFS from democrats rules and gas taxes you'll thank yourself later 😉😎😎😎😎

Wesley Lopez

Oct 10, 2018, 5:59 pm Reply

lol the landlord

Sofa King

Oct 10, 2018, 5:12 am Reply

So basically trickle down economics for rent?

Julie Pastore

Oct 10, 2018, 9:52 pm Reply

Hahaha! How much did this narrator sell out for?

emily s

Oct 10, 2018, 1:32 am Reply

Even if renters do make a lot of money…. doesn’t mean they will spend it on their apartments. I’ve had renters take expensive vacations every month yet never spend a dime on our place….that def needed work.

elmreros

Oct 10, 2018, 6:19 pm Reply

No rent control would work if the majority of land owners weren't greedy hoarders or foreign investors.

raji kodja

Oct 10, 2018, 7:47 pm Reply

“Dont believe what you see and hear”

Ding Dong

Nov 11, 2018, 7:06 am Reply

Well what if rent control is not passed. Would the low income people live in fair priced home or units? I'd rather have poor people or a low income families live in crappy units then on the streets.

leah Renee

Nov 11, 2018, 3:39 am Reply

Rent control is needed! VOTE yes on prop 10 because rent is too damn high!

Platinum121212

Nov 11, 2018, 3:51 am Reply

garbage information; not buying into this.

Tony Yang

Nov 11, 2018, 3:44 pm Reply

Last year my rent was 725. In the middle of the year it went up to 800. This year in April was given a 60 days notice that my went is going to be 1350 for a 2 bedroom and 1 bathroom 900 sqft in Sacramento CA in the pocket area.

Xane Jane

Nov 11, 2018, 11:38 pm Reply

live in 2 Amazon ave, SF CA 94112 in 2007 to 2009, got forced evicted even were paying properly monthly, they said they gonna rebuild the entire place, move out, went to daly city, took the $1,200 monthly rent, 2 bedroom 1 ketchen, no dining, 1 bathroom, 1 living room. small but fair, fast-forward today, rent's around $2,700, living 2 family, 5 have jobs, split the money; sist , mom, bro, bro in law and aunt. thin wall, the neighbors are loud from side and above. back in san mateo Belmont just near hillcrest in 2003 the rent was $750, quiet huge for what my family have today except it was an spacy studio with huge closet and small kitchen. now those cost around $3,400 monthly, how do u expect people to live these days in this area? Those new buildings apartment near cow palace, top of the hill, and the one that got burned and rebuild that suppose to fix the problem and be affordable are unaffordable, how long are u gonna shoot yourself in the foot? the rent control made things more worse today.

Paul Martin

Nov 11, 2018, 2:32 am Reply

Hello everyone. Hope your day went well. There’s people from Korea here in the comments that laid the lack of rent control, and some people from other countries that keep talking about how much of an advantage the landlords took without rent control in place. I think the clearest thing we can extrapolate is that landlords are human beings and they are prone to caring about their fellow countrymen or seeing them only as sheep to blood-let.

Can you all tell me more about how rent control has gone in your counties? I want to make a good decision for the midterms here in the United States. Thank you, peace be with you 🙏

Ryan Hudson

Nov 11, 2018, 7:26 pm Reply

She’s a senior fellow

GloryBeToGodForever

Nov 11, 2018, 7:17 am Reply

Jesus Christ is the answer!!! I have been young, and now am old; Yet I have not seen the righteous forsaken, Nor his descendants begging bread.

forogaföld

Nov 11, 2018, 7:11 pm Reply

What is distortion of truth is the deception in this video.

Robert Cabrera

Nov 11, 2018, 6:34 am Reply

Prop 10 will fail because single family homeowners outnumber tenants in California. Proposition 10 removes the exemption from rent control from single family homes and owners will not put up with that.

Esther Axenty

Nov 11, 2018, 7:46 am Reply

Ask the people living in "rent control apartments" it's not the government that screws people it's the employee's of those government offices that do it if you complain don't think anyone comes to your rescue if they can gain anything they will assist but if nothing can be gained then no, like the roach infestation, they (property management and owners) they call and schedule time and date for Pesticide Co. to exterminate, they then post a flyer on your door that within 48 hrs you are to pack and move everything on your floors on your couch or bed just take it off the floor, pack kitchen items utensils, dishes things in cupboards move out of kitchen to couch or bed..When they exterminators arrived it was hours from the original 9am stated. The guys came in with a huge brass type cylinder (tank) it was that that gave me the impression that this was not how its suppose to be I was asked to leave and took my cat out the front door I sat in the backyard waiting for my son to pick me up. After 5 min they walked out the back surprised to see me, the look on their faces confirmed that nothing happened in there so after they left I opened my back door and like I suspected they did nothing…I called the Management Co. after calling the pesticide Co. I told them that the men did nothing they walked in with a canister and walked out being in the house for 5 min and I opened the back door there were no strong odors of any type, I called the Exterminators and I was told the reason for packing up and moving items on the list and for removing animals was for protection it's a lethal spray and can harm when in contact, explaining this to the managers she assured me she will call them and contact me later…I knew somehow that owners will do nothing and it still has not been taken care of .. The new owners hired their own inspectors to inspect 2 weeks after the ones that had given a list of things to do making it livable and safe they won't accept my calls, any and all government offices will not investigate there is so much I can say but the above is the main reason owners should be charged rent for every bug I can save in a jar to present it to the judge . I think that would be a reason to make sure people have a safe and clean home to live in…

kevin cheung

Nov 11, 2018, 1:55 pm Reply

Rent control destroys neighborhoods…… because nobody wants to work hard and becomes lazy.. they become poor neighborhoods…

Random Royce

Nov 11, 2018, 9:09 am Reply

Very well done and everything I’ve ever heard that’s bad about rent control. 👍🏽

VDHMEDIA Bay Area

Nov 11, 2018, 4:44 pm Reply

Nice video. Wish it was an honest one tho. companies choosing not to build because of rent control is the same as a companies choosing to leave a city for better tax breaks. It’s a CHOICE… nd the people are hurt either way. Don’t make excuses for bad landlords by blaming the people.

r. grambo

Nov 11, 2018, 11:13 am Reply

residents just get displaced inland. cant afford your neighborhood anymore? get the f out. take the bus. what is important are profits for owners of income properties.

Lucas Davenport

Nov 11, 2018, 5:09 pm Reply

So theoretically rent will now rise, builders will see that profit can be made, thus they build more apartments, then when supply of available rentals increase, then rents should come down….. hopefully. 🤞

MoonMan

Nov 11, 2018, 1:34 am Reply

This is very biased but ties to appear not… Ya smell that?? Smells like shit

Mohammad M

Nov 11, 2018, 6:19 am Reply

Nobody can prove this video wrong.

Kevin

Nov 11, 2018, 9:25 pm Reply

Where was this video 2 weeks ago??? Maybe no on 10 might have passed if people would have seen this video. Screw liberal California, bandage everything, fix nothing.

waltpagan

Nov 11, 2018, 12:57 am Reply

What you've just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this comment section is now dumber for having listened to it. I award you no points, and may God have mercy on your soul.

diamondportal77

Nov 11, 2018, 10:46 pm Reply

Many cities need to change zoning laws to allow more apartments and condos be built.

bonsai108

Nov 11, 2018, 8:58 pm Reply

So what is supposed to happen to the old lady if you had drained her finances for inflated rent? Is she supposed to keep moving so the rich can move in next and get their coffers drained too? Old lady moves, has to get a new job, new commute, loses everything. Don't expect a government program to step in as anti rent control is against government programs that help citizen's as it goes against their foreign oligarchy which is the main reason their country's citizens moved in the first place.

Sockit2Socko

Nov 11, 2018, 6:30 am Reply

Rent control benefits the majority. Don't be fooled, money hungry individuals would differ and confuse you

captain purple

Nov 11, 2018, 10:48 pm Reply

Things I never knew. Thanks for educating us. Bless you.

48petey

Dec 12, 2018, 6:26 am Reply

U guys miss the point that's why u have dilapidated apartments ect..because no one wants to put their money into fixing up the place if they can't recoup their investment… You wouldn't either so stop being a self righteous bleeding heart most of U guys always talk about how u would want to own some realestate for an investment but never look at the rules and regulations in those cities Seattle Chicago NY LA ect.. Is prime example. I remember when Seattle was affordable not anymore a studio in downtown is $1700 to $2100 for new construction 1bed about $2200 and up and those rates are considered low income .

Soul Sage

Dec 12, 2018, 8:38 am Reply

I believe in psuedo-rent control. Give tax breaks to the landlords that keep rent within a certain range. For landlords that want to overcharge and are looking for rich people to buy. Tax their greedy asses. This plan gives incentive on keeping rent fair and options for landlords. Just like with higher income comes higher taxes, the higher rent they charge goes toward taxes and gets redistributed through tax breaks for the landlords that don't overprice their property.

The Dracobirthstonian

Dec 12, 2018, 7:09 am Reply

So basically Democrats are ruining Los Angeles? No wonder people are always leaving and why there are a bunch of homeless.

Ch Pe

Dec 12, 2018, 12:46 am Reply

Anyone who doesn't like Rent Control wants people to be homeless and is racist, bigoted and transphobic.

[i] ven

Dec 12, 2018, 7:48 am Reply

weak argument

Daniel Valle Duarte

Jan 1, 2019, 4:04 am Reply

"WHY RENT CONTROL HELPS RICH LANDLORDS TO SQUEEZE OUT THE WORKING CLASS."

Kidix 3000

Jan 1, 2019, 9:30 pm Reply

I agree with many videos from PragerU, but this on is totally BS if there isn't any rent control here in nYc, rent for a 1 bedroom apartment will be 1800 to 2100 dollats a month and that's in a run down building. Psh. Checkmate.

Bert Lee

Feb 2, 2019, 4:24 pm Reply

That's definitely happening in Los Angeles. I hear there's a housing shortage but It's all high to luxury end housing.

Jim R

Feb 2, 2019, 9:20 am Reply

Why did PU deviate off the Fox News model with the narrator? The message wasn't ugly enough?

Stephen Floyd

Feb 2, 2019, 2:48 am Reply

Way to go Oregon, you are going down this dark hole this year. Better fight back now!!!

Cian Ward

Feb 2, 2019, 3:21 pm Reply

However, what if rent controls were imposed on university student accommodations where hoarding of rooms isn’t an option as one must leave at the end of each year? Wouldn’t rent control be an attractive option with drastically fewer disadvantages? (Some universities in Germany rent to students year round but my one is only from September to June, and one must vacate by June. )

Chris Graham

Mar 3, 2019, 7:11 pm Reply

Rip Oregon

Teddy Broosevelt

Mar 3, 2019, 11:46 pm Reply

COME TO OREGON AND GET YOUR RENT CONTROLLED AND FREE ABORTIONS!!!!! Thanks kate brown

K H

Mar 3, 2019, 4:37 pm Reply

trash

dannypeck666

Mar 3, 2019, 7:07 pm Reply

and how many of the financiers of Prager "u" are owners of property that is rent controlled?

munyumba mutwale

Mar 3, 2019, 7:06 pm Reply

what is the solution then to rising costs of housing as an honest answer because we are having a problem in zambia of price distortion in the rental markets due to too many high costs houses and shortage of affordable housing but there is no rent control.

Tracy Hudak

Mar 3, 2019, 9:54 pm Reply

This video fails to acknowledge how income or wealth inequality raises property costs for everyone and leaves lower and middle income families in a lurch- unable to either afford or housing or forced to pay so much for housing that they can not build equity or accomplish other financial goals. Living in unimproved units is not as great of an injury and if they are dangerous, that can be remedied.

Lennox Vesque

Mar 3, 2019, 3:57 pm Reply

Rent control hurts the wealthy…..not the "poor and needy"…or the average person!!!

Conrad Gifford

Apr 4, 2019, 5:33 am Reply

Here in LA or southern CA we have loads of industries and other companies that want to move in despite CA having high taxes and regulations. Why? Because they just want to be here. What would really drive rent down is if businesses or industries would go to a state like Mississippi where they have almost no industries and rent there right now is at a low. Take away the industries from CA and it’ll drive out loads of people and ultimately drive down resent. Land owners here in LA hold onto the properties no matter what because they know if a person can’t afford the rent then the state or local gov will help flip the bill.

Mike 0355

Apr 4, 2019, 1:14 pm Reply

Rent stabilization would be better if you have been living in apartment for more than 10yrs there should be a program to aid you into a home.

Weight Loss Ninjas

Apr 4, 2019, 11:05 am Reply

Rent control is so stupid. Since when is housing a right? If you can't afford to live in a particular area then you need to go somewhere else, period.

Emily Rose Burnett

Apr 4, 2019, 5:40 pm Reply

This is propaganda lol

Liberty Lover

May 5, 2019, 12:35 am Reply

Coastal libs on both sides are too stupid to understand basic economics or life skills. How do you think AOC got elected?

Pyar Squared

May 5, 2019, 9:49 pm Reply

Using an economist example from 14 years earlier. Really? The whole idea of no rent controls creating more available rental housing is false if it is more lucrative for builders to build and sell higher priced fancier privately owned condos. Then rents go into a different spiral.

Sean Grady

May 5, 2019, 2:44 pm Reply

BINGO!

soreal091987

May 5, 2019, 7:50 am Reply

Something has to give. In some parts the cost of rent is crazy and good paying jobs even with an college degree are hard to find. This video made a point about renters not being able to afford repairs but in my personal experience most of them don't repair shit anyway. Recently my friend that lives on the other side of town rent increase an extra $120 out of nowhere. Also, when people can't afford rent it becomes subsidized which means your taxes are paying for their housing.. My overall point is something has to change, the cost of housing keep increasing but wages don't which means more more people will get subsidized rent which means we will be paying more taxes. Right?

Greg Chase

May 5, 2019, 7:01 am Reply

*DO NOT SAY THIS — LET'S GET REAL*

The only way to collect all the collectivists in one place is to destroy the housing market. Remove all incentives for private parties to invest in rentals. The state will then build The Projects for the citizens.

They don't have The Projects yet in California.

We need collectivists collected in one place. The only way to do that is how California is doing it:

1) destroying the private rental market (they're about do vote in an Oregon-like statewide rent control — see "Costa Hawkins repeal"

2) free drug needles

3) sleep, shoot up, poop anywhere

4) sanctuary state

5) majority Democrat controlled state government to make the collectivists feel at home

California also has nice weather. You can sleep etc. on the beach!

.
.
.

l3ss4rd

May 5, 2019, 11:52 am Reply

“Average 20-year returns in the commercial real estate slightly outperform the S&P 500 Index, running at around 9.5%.Residential and diversified real estate investments do a bit better, averaging 10.6%. Real estate investment trusts (REITS) perform best, with an average annual return of 11.8% “(1).

Wake up people, they are beating the numbers of Wall $treet

“In my opinion, real estate is the best way to grow wealth. If you want to get super rich, get involved in real estate…. I recently wrote an article that explained why buying a house is for suckers. A home is not an investment, because it doesn't pay you each month . “ (2)

How they can beat Wall $treet numbers? BECAUSE THEY ARE NOT REGULATED! PERIOD.

What they are doing? THEY PUMP THE PRICE OF THE APARTMENTS AND MAKE PEOPLE MORE POOR. What an honorable task based on the “free-market”.

(1)
https://www.investopedia.com/ask/answers/060415/what-average-annual-return-typical-long-term-investment-real-estate-sector.asp
(2)
https://www.businessinsider.com/an-investor-who-owns-4000-apartments-explains-why-multi-family-real-estate-is-the-best-investment-hes-made-2016-7

Rafael Wilks

May 5, 2019, 11:33 pm Reply

This video openly promotes party division and strife. His Holiness Pope Leo XIII most wisely taught, in these two paragraphs, that political parties and factions are not advisable.

Paragraph 8: "… Suspicion and lack of trust often result from the rivalry of political parties…. Everyone may hold his own opinion in purely political matters and defend it honestly and legitimately, provided it is not contrary to religion or justice. Yet those, if there are any, who do not distinguish clearly between what is holy and what is merely civil, commit a pernicious error which lends the name of religion to a political party."

Paragraph 15: "… You can see that fickle suspicion and rash accusations are detrimental indeed to fraternal love. From this you can understand the injustice of those who, in favoring one political party, do not hesitate in matters of religion to accuse others of unorthodoxy. They do this only because they belong to another party, as though orthodox Catholic faith is necessarily the prerogative of this or that political party…."

http://w2.vatican.va/content/leo-xiii/en/encyclicals/documents/hf_l-xiii_enc_14091886_pergrata.html

Saint Pius X most wisely taught that parties and factions are not advisable.

Paragraph 7: "… The desire for peace is certainly harbored in every breast, and there is no one who does not ardently invoke it. But to want peace without God is an absurdity, seeing that where God is absent thence too justice flies, and when justice is taken away it is vain to cherish the hope of peace. "Peace is the work of justice" (Is. xxii., 17). There are many, We are well aware, who, in their yearning for peace, that is for the tranquillity of order, band themselves into societies and parties, which they style parties of order. Hope and labor lost. For there is but one party of order capable of restoring peace in the midst of all this turmoil, and that is the party of God. It is this party, therefore, that we must advance, and to it attract as many as possible, if we are really urged by the love of peace."

http://w2.vatican.va/content/pius-x/en/encyclicals/documents/hf_p-x_enc_04101903_e-supremi.html

Christus vincit
Christus regnat
Christus imperat

A

May 5, 2019, 4:20 am Reply

>unironically shilling for landlords
mao did nothing wrong

Bingalo

May 5, 2019, 2:42 am Reply

Rent control may not be good everywhere, but in a city like San Francisco it is necessary.

PUMPA DOUR

May 5, 2019, 2:50 am Reply

I live on rent controlled apartment in L.A. I make 75k a year. I can not afford market rent at all. And I dont think my employer will hear me for salary increase to cover my new high rent. Also finding a better played job somewhere else is a long shot. My rent controlled apartment is a blessing to me. The current homeless explosion in LA is also because of high rents. And in no circumstances anyone likes to see high rises build L.A. So in L.A. rent control is here to stay.

S L

Jun 6, 2019, 2:47 am Reply

Many of the homeowners in California are also faux environmentalists. They claim they need to protect their quality of life and place a myriad of “environmental” restrictions on housing which conveniently limit the supply of housing. As demand for housing increases and supply is relatively stagnant, price appreciate substantially.

Αναστάσης Τσαμπούκος

Jun 6, 2019, 8:28 pm Reply

OK, so for example let's say there are 100 people, 10 of them owners and the others are in rent, by letting the rent market fully on its own, the demand will always be more than the supply, so the bigger the demand the more expensive the rent becomes, and as the rent goes higher, more people will want to buy rather than rent, so the prices in houses will also go up. So, whose benefits are with free market uncontrolled especially in housing?
The answer is the elite, neither the renters, nor the owners

Richard Willette

Jun 6, 2019, 11:37 am Reply

Ty Prager for showing us that keeping rent high is good for the rich

Josh Guzek

Jun 6, 2019, 3:29 pm Reply

Rent control hurts renters? Renters should be jailed, this is nothing.

Dane Trumbore

Jun 6, 2019, 8:00 am Reply

19/ 20 pro-tenant bills died in the California Senate recently. This video is one-sided and incorrect in its assertion that politicians support rent control. Huge numbers of people are being treated like second class citizens as their rents are raised past 80% of their income.

John Chou

Jul 7, 2019, 2:36 pm Reply

Can someone explain how the wealthy are able to pay a rent above the price ceiling?

Pure Unadulterated yinz

Jul 7, 2019, 5:29 am Reply

hey BOOMER we’res my affordable housing

SupraSonic snk

Jul 7, 2019, 10:48 am Reply

Greed, if ain't money involved it ain't worth it huh?

An untrue definition

Jul 7, 2019, 8:07 pm Reply

In my country of the UK, politicians refuse to build more housing because of the natural surrounding beauty. Meaning farmland, grass and forests. That's all well and good but what's the point in all that when the very people who want farmland, grass and forests have nowhere to live

Senada Pasic

Jul 7, 2019, 6:50 am Reply

Rent control was removed only on vacant spts . Toronto rents have tripled and continue to do so.
If your have too much supply maybe rent control is bad – there is no such for the poor or in big cities .

Tommi Rautio

Jul 7, 2019, 2:23 pm Reply

At Suomi those rich people get more rich by other peoples money – and that is pure socialismus.

Island Breeze

Jul 7, 2019, 3:13 pm Reply

Rent control 'seems' like a good idea, but it will do the exact opposite if you really look into it….don't be fooled renters

AdultsSwim1

Aug 8, 2019, 11:22 pm Reply

OK, so let's hear your solution then.

G K

Aug 8, 2019, 2:32 am Reply

Just another reason why LA is a shit hole.

Tien Doan

Aug 8, 2019, 8:14 am Reply

I shall scroll down to review the expert economist in the comment section.

Jaccobtw

Aug 8, 2019, 8:12 am Reply

Why doesn’t the gov just stay out of the market?

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