Once More into the Rent Control Abyss
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Description
Rent control has been a source of controversy and confusion since its constitutionality was first sustained in 1921 by a bare five-to-four vote in Block v. Hirsh. Over the next 100-plus years, various permutations on the basic rent control design have been developed by imaginative governments, only to be vigorously attacked on a range of inventive constitutional theories relating to property, contract, and equal protection. In virtually every case, subject to only one minor exception of theoretical interest, the outcome is clear: these counterattacks have been foiled, so that rent control laws today look to be per se legal, no matter their form, origins, or effects. Yet this uniform triumphant success of rent control statutes should be the source of social anxiety, not jubilation. Today's rent control rules are no longer a minor irritation whose impact will diminish over time. Rent control has grown from its modest origins into a powerful and entrenched system. It is run by multiple state and city administrative agencies, backed by specialized courts, and politically supported by cohesive tenant lobbying groups. Their combined efforts have now demonstrated an increasing capacity to upend housing markets in major cities in both the short and the long term.
First Page
173
DOI
https://doi.org/10.4337/9781035311361.00016
Source Publication
Rethinking the Law of Private Property
Source Editors/Authors
Jan G. Laitos
Publication Date
7-22-2025
Publisher
Edward Elgar Publishing
Recommended Citation
Richard A. Epstein,
Once More into the Rent Control Abyss,
Rethinking the Law of Private Property
173
(2025).
Available at:
https://gretchen.law.nyu.edu/fac-chapt/2153
