Calls for rent control increase in Orange County as housing crisis worsens
Calls for rent control increase in Orange County as housing crisis worsens
- April 11, 2023
- Ami Glazer, economics, Voice of OC, April 11, 2023
Former UC Irvine Department of Economics Chair, professor Ami Glazer, said rent control policies can lead to landlords delaying critical maintenance because they can’t recoup the spending through rents. Using a hypothetical local example of cities with no rent control, Glazer also noted the policy could further impact housing’s already large supply and demand gap. “If fewer people can find places in, say, Irvine because the rent control reduces the supply, more people will look in Costa Mesa, which increases rent in Costa Mesa,” Glazer said in a phone interview. “So some of the problem is if individual cities do it, it shifts the higher prices to other cities.”
For the full story, please visit https://voiceofoc.org/2023/04/calls-for-rent-control-increase-in-orange-county-as-housing-crisis-worsens/.
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