California Approves Statewide Rent Control to Ease Housing Crisis – The New York Times

This is really bad policy… Treating the symptom while making the root problem worse.

The core issue is there is not enough good housing for everyone in California.

The real solution is to greatly loosen building regulation and make getting permits much faster and easier statewide. Then entrepreneurs will double or triple the housing supply and drop the costs of renting or buying a home by 80%. You could see rents go from $2500 per month in LA to $1000 a month or less.

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Joel Gross

Joel Gross is the CEO of Coalition Technologies.