In addition to the substantial economic costs associated with rent control, [from Part I] the decision whether to regulate rents raises difficult questions of social policy. Social Implications of Rent Control …
Lawmakers in Los Angeles seem to be taking a cue from our own Board of Supervisors as they explore legislation to impose a tax penalty on property owners who leave residential rental units vacant. As John Phillips notes in the Los Angeles Daily News, Los Angeles City Councilmembers Mike Bonin, Marqueece Harris-Dawson, Paul Koretz and…
As clients and regular readers know, I have been more upbeat on the U.S. economy than many of my fellow financial writers in recent years, and especially this year. Several of the writers I read have been calling for a US recession this year and warn that it could be a rough one.