Rent control policies on the east and west coasts is causing a housing crisis. And California seems prepared to make things worse.

A 2018 California initiative likely to make the November ballot called the “Affordable Housing Act” would expand state and local government power to control rent prices.

“In many cases rent control appears to be the most effective technique presently known to destroy a city — except for bombing,” Swedish economist Assar Lindbeck said. While the comparison is extreme, Lindbeck makes a good point.

Read More: https://www.washingtonexaminer.com/opinion/rent-control-is-killing-the-coasts