Bills such as were passed in Connecticut this weekend that put regulations on rental properties and require cities to prepare affordable housing plans usher in dangerous rent control programs that are devastating to cities, Judge Glock, director of research at the Manhattan Institute think tank, told Newsmax on Sunday.
“There’s a famous quote from an economist who said rent control appears to be the most efficient way to destroy a city, except for bombing,” Glock told Newsmax’s “Wake Up America Weekend.” “We’ve really seen this story play out over and over again, and it’s quite depressing that some cities and now states think it’s a good idea to try to run the playbook back and see what happens.”
Members of Connecticut’s legislature Saturday voted in changes to a major housing law and sent the bill to the governor’s desk, reports The Hartford Courant. The bill aims to cut rent prices, increase housing supply, and encourage the use of public transit.
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