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LA Times Op-Ed by Price CSI Director Gary Painter: “No, rent control doesn’t always reduce the supply of housing”

Los Angeles Times

When housing developers have too much power in the market, they can maximize profits by raising rents on the apartments they already own. But if rent control limits that option, developers have to go to Plan B if they want to make more money: Build more units. So is that the situation we have in the California housing market? Research suggests it is.


Price CSI Director Gary Painter Co-Authors LABJ Op-Ed: “LA’s Tight Housing Market Bad for Business”

Los Angeles Business Journal

A new study led by USC’s Sol Price Center for Social Innovation in partnership with the Los Angeles Business Council Institute found most employers in Los Angeles’ fastest-growing sectors – tourism, healthcare, food services and technology – believe the high cost of housing is having a profoundly negative impact on employee recruitment and retention. Yet the majority of companies surveyed didn’t have any programs in place to help reduce their employees’ housing burden. More than half were unaware housing-related assistance was a possible solution.