How We Know California’s New Rent Control Law Will Make Its Housing Shortage Worse

When you see a headline that begins with “Florida man…,” you know it’s more likely to be about some guy trying to take down a tornado with his Colt Python than it is that a resident of the Sunshine State has cracked cold fusion. In public policy circles, the words “California policymakers…” appearing in a headline are attaining a similar status.

The latest ill-conceived policy from California is a statewide rent cap. As the