The End of Rent Control, the Catastrophe in Capitola and the Great Santa Cruz Land Swindle – by George Drysdale

As we learn in economics classes, just about the worse form of price control is price fixing land rents (rent control). Property rights at first and then financial damage to the community are enormous. In the U.S.A., rent controls are relatively rare. Virtually all the history of rent controls is in Europe. Hundreds – even…

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