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Rent Control Is Making a Comeback in US Cities—Even as It Is Proving a Disaster in Europe

“After a year, Berlin’s experiment with rent control is a failure,” The Economist declared Tuesday.
Meanwhile, rent control policies are once again gaining momentum in US cities.
“Simply put, our neighbors are losing their homes because they cannot keep up with the rent,” said Minneapolis council member Jeremiah Ellison, an author of the city’s rent control proposal. ....

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Rent Control Making a Comeback in U.S. Despite Being a Disaster in Europe – Investment Watch

Theresa Dolata’s voice broke when she urged Minneapolis city leaders to support amendments that would give council members the authority to regulate rent prices in the city.
“I don’t want to end up homeless again, I don’t want to be pushed out,” said Dolata, a resident of the Windom neighborhood, speaking at a February 23 city council meeting.
Following testimony from Dolata and other local citizens, Minneapolis City Council members unanimously approved a proposed charter that would allow the city to impose rent control (or put the issue to a future ballot). ....

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