Rent control makes California’s housing crisis worse

Rent control makes California’s housing crisis worse

Editor’s note: This is the seventh installment in a series examining the roots of America’s housing crisis. To read the earlier pieces, visit the roots of today’s housing crisis. In the 1960s, the free-market economist Assar Linbeck described rent control as “the most efficient technique so far known for destroying cities — except for bombing.” In 1989, Communist Vietnam’s foreign minister, Nguyen Co Thach, implied that rent control was worse th…