Bloomberg Discovers Rent Control is News When It Affects Landlords
The financial media has suddenly found its voice on housing policy, breathlessly announcing a "strictest rent control" bid in Massachusetts. What they won't dwell on? The decade-plus of skyrocketing rents that squeezed working families long before any politician dared utter 'tenant protection.' Perhaps if these market 'innovations' were enriching property developers as aggressively as current
housing policy, Bloomberg wouldn’t be sounding the alarm. One might wonder if the concern for economic freedom extends to the freedom of tenants to afford housing, or only to landlords charging predatory rates. This isn't about 'strictest' rent control; it's about a proposed measure to make housing minimally accessible. The real story isn't the policy but the system that made it necessary, where
the market is only 'free' when it's free to extract maximum profit from everyone else’s basic needs.