February 26, 2024

Money

Protean - In April 2015, the Pacific Standard  published a defense of rent control—with an opening salvo declaring it dead. New York tenant organizers would go on to win small, highly technical improvements to their rent regulation system a little later that year, but in the broad strokes, the Standard’s appraisal at the time wasn’t wrong. Localized systems in New York, California, and New Jersey were riddled with pro-landlord loopholes, while 31 states had instituted outright rent control bans, most at the behest of a shadowy neo-con organization. Diego Morales, an organizer with the Lift the Ban Coalition, remembered rent control as a “taboo” topic inside the halls of the Illinois Capitol, unmentionable because of how resoundingly hated it was by economists and policy experts. Just eight years later, rent control is back from the dead with a vengeance, with serious organizing campaigns underway in at least 15 states. There are campaigns to strengthen and expand existing rent regulation statutes in coastal cities, to lift statewide pre-emption laws in the Midwest, and to instate local control of rents in Western and even Southern states.


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