Building More Apartments Won’t Reduce the Rent, Says Rent Control Group

Facts matter: Sign up for the free Mother Jones Daily newsletter. Support our nonprofit reporting. Subscribe to our print magazine.

Housing and rent cost too much in big cities. That means we need to get rid of antiquated zoning statutes and build, build, build. But wait:

The Federal Reserve recently determined that increases in supply won’t automatically reduce rents. New York City’s former planning director said the “more housing” theory didn’t work in practice there. Zillow data show that adding market-rate units only benefits the rich: Though rents have declined slightly for luxury rentals, rents for working people continue to rise.

This is not coming from some neoliberal shill or NIMBY die-hard. It’s coming from the progressives at the LA Tenants Union. What’s up with that?

It’s simple: the LATU wants to convince us that more construction isn’t enough. We also need rent control, which means that everyone should vote yes on Proposition 10, an initiative on the November ballot that would repeal a California law limiting rent control.

That’s good to know, I guess. But when more construction and more rent control also fail to bring down prices, I wonder what we’ll need next?

REAL QUICK, REAL URGENT

Minority rule, corruption, disinformation, attacks on those who dare tell the truth: There is a direct line from what's happening in Russia and Ukraine to what's happening here at home. And that's what MoJo's Monika Bauerlein writes about in "Their Fight Is Our Fight" to unpack the information war we find ourselves in and share a few examples to show why the power of independent, reader-supported journalism is such a threat to authoritarians.

Corrupt leaders the world over can (and will) try to shut down the truth, but when the truth has millions of people on its side, you can't keep it down for good. And there's no more powerful or urgent argument for your support of Mother Jones' journalism right now than that. We need to raise about $450,000 to hit our online fundraising budget in these next few months, so please read more from Monika and pitch in if you can.

payment methods

REAL QUICK, REAL URGENT

Minority rule, corruption, disinformation, attacks on those who dare tell the truth: There is a direct line from what's happening in Russia and Ukraine to what's happening here at home. And that's what MoJo's Monika Bauerlein writes about in "Their Fight Is Our Fight" to unpack the information war we find ourselves in and share a few examples to show why the power of independent, reader-supported journalism is such a threat to authoritarians.

Corrupt leaders the world over can (and will) try to shut down the truth, but when the truth has millions of people on its side, you can't keep it down for good. And there's no more powerful or urgent argument for your support of Mother Jones' journalism right now than that. We need to raise about $450,000 to hit our online fundraising budget in these next few months, so please read more from Monika and pitch in if you can.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate