California Voters Chose Basic Economics over Feel-Good Policy in ‘Rent Control’ Referendum

For once, California got it right.The deep-blue state went for Joe Biden on Election Day, a result which was never really in doubt. But in a key policy referendum on expanding “rent control” in the state, California voters wisely rejected a proposal to allow local governments to place price freezes on rental housing.Proposition 21 asked Golden State voters whether cities should be allowed to impose rent controls on housing that had been occupied for more than 15 years. Under the status quo,...