Will The Supreme Court End New York's Rent Control Laws?
Description:"If you wanted to destroy a city's housing - short of bombing - the best way to do it is rent control," says Cato legal associate Trevor Burrus. While most cities in America long ago got rid of rent control, New York remains a bastion of government-mandated limits on what landlords can charge renters. About 50 percent of New York’s rental market is affected by rent control or rent stabilization, policies that keep rents artificially low and produce housing shortages.(2:33)