American cities want rent control to rein in housing costs
Economists still think they are a bad idea
When asked about rising rents in St Petersburg, Florida, Karla Correa, a local activist, is resigned. “The crisis keeps getting worse.” Ms Correa speaks from experience. In October the 22-year-old was told that the rent for her two-bedroom apartment in the city’s Historic Old Northeast neighbourhood would be going up by $250, or 23%. Such double-digit increases have become common in St Petersburg and across the Sunshine State, Ms Correa says.
This article appeared in the United States section of the print edition under the headline “Too damned high”
United States August 27th 2022
- Biden spends hundreds of billions on reducing student-loan debt
- States have historic amounts of leftover cash
- America’s new “national teacher shortage” is neither new nor national
- Pink Sauce and the fashion for homemade food in America
- American cities want rent control to rein in housing costs
- America’s border crisis reaches New York, by bus
From the August 27th 2022 edition
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