Rent control laws nearly destroyed parts of New York City. They could do the same to California

"Proposition 10 could usher in a dramatic wave of rent controls. If many cities adopt them, the long-term damage could be severe."

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https://www.ocregister.com/2018/07/17/rent-control-laws-nearly-destroyed-parts-of-new-york-city-they-could-do-the-same-to-california/