Richmond Approves California's First Rent Control Ordinance in 30 Years

at 9:00 AM
 (Justin Sullivan/Getty Images)

The Richmond City Council voted this week to enact eviction protection and rent control rules that will limit rent increases to that of the Consumer Price Index for the region, or about 2 percent annually. Supporters say the rules, which will go into effect December 1, are necessary to stem evictions and displacement. Opponents say the protections unfairly burden landlords and are too costly to the city. We look at the economics and politics of rent control.

Guests:

Christopher Palmer, assistant professor at the Haas School of Business at UC Berkeley

Dean Preston, executive director of Tenants Together

Tom Bannon, CEO of the California Apartment Association

Mike Parker, co-coordinator of the Richmond Progressive Alliance

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