Josh Barro At Business Insider: ‘Dear New Yorkers: Here’s Why Your Rent Is So Ridiculously High’

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Lots of demand, short supply, rent-control and costs passed down to you.

Average asking rents in New York City have climbed to $3,017, according to REIS research. Everyone is freaking out about it

Related On This Site: Big cities, especially New York, tend to over-regulate business, you can hope for efficient corruption: Richard Epstein At Defining Ideas: ‘City Planners Run Amok’Richard Epstein At The Hoover Institution’s Defining Ideas: ‘California’s Kafkaesque Rent Control Laws’

Virginia Postrel At Bloomberg: ‘How The Elites Built America’s Economic Wall’

A Few Thoughts On Walter Russell Mead At The American Interest: “Why Blue Can’t Save The Inner Cities Part I”

Politicians and politics likely won’t deliver you from human nature, nor fulfill your dreams in the way you want: anarchy probably won’t either: Two Sunday Quotations By Albert Jay Nock in ‘Anarchist’s Progress’

Richard Epstein At The Hoover Institution’s Defining Ideas: ‘California’s Kafkaesque Rent Control Laws’

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‘In March 2011, my column for Defining Ideas carried the title, The Follies of Rent Control. In it, I took to task the Court of Appeals of the Second Circuit for perpetuating a substantive mess in takings law when, in Harmon v. Markus, it yet again upheld New York City’s Rent Stabilization Law. On that occasion, I directed my attention to the injustices that arise whenever the government may allow a tenant on a short term lease to remain on the premises, at rental rates set by the government, after the lease has run out.’

Related On This Site:  Richard Epstein At Defining Ideas: ‘The Tax Expenditures Muddle’

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