Rent Control

To those who want more long-term housing we need to incentivize good investors to invest locally in the city.

There’s a lot of blight north of Anaheim blocks from downtown LB and gangs in north Long Beach. These run down neighborhoods are difficult for investors to fix up.

This is certainly rent control whether you call it something else doesn’t really matter. There’s investmentors leaving the city already.

Areas of Long Beach that need outside investment and rent controls, and stricter housing regulations disincentivize  investors, ultimatlely leading to the very problem we have.

It lowers housing stock and actually investors are disincentivized to do work, especially on older buildings with major issues like electrical work [with] the old housing in North  Long Beach. In the long run, this sort of regulation (red tape) leads to less housing.

Economists on all sides of the political spectrum have unanimously found rent controls to lower the quantity of available housing and disincentivize investments which improve communities:

Myrdal stated, “Rent control has in certain Western countries constituted, maybe, the worst example of poor planning by governments lacking courage and vision.”

His fellow Swedish economist (and socialist) Assar Lindbeck asserted, “In many cases rent control appears to be the most efficient technique presently known to destroy a city – except for bombing.””