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