As part of my ongoing effort to figure out why, in middle age with a doctoral degree, home ownership is still beyond my grasp, I've been following up on Thomas Sowell's elegant arguments in Economics: Facts and Fallacies - that rent control and building restrictions have made places like Los Angeles, where I live, impossibly expensive.
Based on a search for articles on rent control, I discovered that rent stabilization began in the early 1940's, as a consequence of World…
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Remember Socialism? It's Never a Bad Time to Fight It
