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Rent Control Defies Basic Economics

Despite all the housing-related proposals in Sacramento, lawmakers have apparently yet to learn that more government involvement, making housing more expensive and less profitable, is never going to solve the state’s housing affordability problems.

Discussions of housing oftentimes tend to focus on single-family developments or other types of housing for purchase, and neglect rental properties, which is unfortunate, since rentals make up nearly half of the housing stock in California.

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