In California, over 20 cities and counties have implemented long-term rent control ordinances for residential rental housing. In addition, since Jan. 1, 2020, the California Tenant Protection Act has extended rent caps and eviction restrictions to many properties not governed by local ordinances.

By controlling prices, rent control can contribute to a reduced housing supply and the rise of expensive shadow markets. These regulations disproportionately benefit middle- and upper-class renters who retain price-controlled units, leaving those truly in need to seek costlier, distant housing options.

Rent control’s original policy goals may have been well-intentioned, but today, its benefits are disproportionately enjoyed by those who least require assistance, exacerbating the housing crisis for the most vulnerable populations.