Rent Control: Unjust and Ineffective
City Journal Audio
Manhattan Institute
4.8 • 615 Ratings
🗓️ 8 January 2020
⏱️ 29 minutes
🧾️ Download transcript
Summary
Manhattan Institute's Michael Hendrix interviews Mayer Brown partner Andrew Pincus, the lead attorney in a lawsuit taking on New York State’s sweeping rent-regulation laws.
In 2019, New York strengthened its already-strict rent regulations, while state legislatures in Oregon and California approved caps on rent increases. Representative Alexandria Ocasio-Cortez and Senator Bernie Sanders have even proposed national rent-control policies. Pincus explains what's wrong with rent control, from violating due process and property rights to shutting out newcomers attempting to find housing in cities.
If you're interested in learning more about rent control, check out a new report by Michael Hendrix from Manhattan Institute's Issues 2020 series.
Transcript
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| 0:00.0 | Welcome back to the Ten Blocks podcast. This is Brian Anderson, the editor of City Journal. |
| 0:05.1 | Successful cities across the country, but especially those on the coasts, have been facing a major |
| 0:10.5 | crisis in housing affordability. As our listeners might recall from previous episodes, last summer, |
| 0:17.3 | the progressive-dominated New York State Legislature passed one of the toughest |
| 0:21.6 | rent regulation laws in the country. New York isn't alone, however. Last year, state governments |
| 0:27.6 | in California and Oregon also passed their own strict rules on rent increases. California, for example, |
| 0:34.6 | now limits rent increases to just 5% plus inflation per year. |
| 0:41.0 | If you're not a landlord in a big city, you might be asking how does rent control really work in practice? |
| 0:47.3 | This next interview will help answer that question. |
| 0:50.8 | Coming up on today's show, Michael Hendricks, a city journal contributor and director of state and local |
| 0:56.4 | policy at the Manhattan Institute, talks with attorney Andrew Pinkus. Andrew is a partner with the law firm |
| 1:02.8 | Mayor Brown in the city, and he's the lead lawyer in a lawsuit taking on New York sweeping rent |
| 1:08.6 | regulation laws. By coincidence, Michael Hendricks has a new brief |
| 1:13.2 | report on rent control out just this week. It's part of the Manhattan Institute's Issues 2020 series |
| 1:19.5 | of reports on the upcoming election season or for the upcoming election season. You can find a link to it |
| 1:26.5 | in the description as well as the other policy papers we've |
| 1:29.8 | published so far. |
| 1:31.3 | That's it for me. |
| 1:32.1 | The conversation between Michael Hendricks and Andrew Pinkus begins after the music. |
| 2:01.9 | Welcome. Welcome to City Journal's 10 Plogs podcast. I'm Michael Hendricks, Director of State and Local Policy at the Manhattan Institute, and very pleased to be joined by Andrew Pinkus, partner at Mayor Brown and the lead lawyer on a lawsuit taking on New York's rent regulations. |
| 2:08.6 | Andy has argued 30 cases in the Supreme Court, and he and his legal team may have a similar outcome in this case, claiming that the state's new rent stabilization laws violate the United |
| 2:13.6 | States Constitution. Now, as some listeners may know, earlier this year, New York |
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