There’s a clear lesson emerging from the first cities that have legalized “missing middle” housing. The more rules you lift on the construction of these two-, three-, and four-unit homes, the more you’ll actually see built. San Francisco politicians have absorbed this information and are now using it for evil. On Tuesday, the San Francisco […]
The preliminary results of St. Paul, Minnesota’s, strictest-in-the-nation rent control law have not been good. Developers have fled, while applications for new building permits and property values have both collapsed. Now, a pair of landlords are suing the city, claiming the law is unconstitutional. Late last week, the owners of two St. Paul apartments—Woodstone Limited […]
High housing costs are no laughing matter, as John Oliver’s latest monologue confirms. On Sunday, the comedian devoted a 22-minute segment of his HBO show Last Week Tonight to the issue of rising rents and all the attendant problems of housing unaffordability and instability that those can cause. “Rents are skyrocketing, and that is the […]
Rents have reached record highs. But have no fear, renters! In the Minnesota cities of St. Paul and Minneapolis, progressives persuaded people to vote for rent control. That’ll punish those greedy landlords! Except, profits are what persuade builders to build things. When profits are high, other builders build. That’s what creates more housing and, eventually, […]