Michael Weinstein is the president of AIDS Healthcare Foundation (AHF), the largest global HIV/AIDS organization, and AHF’s Healthy Housing Foundation.
If you tune into CNBC on any given morning, you will hear various economists proclaim with confidence wildly different interpretations of economic events. The same goes for what market indicators will mean for the 2024 election.Many an investor has lost a fortune following the advice of 'expert' economists. Despite its lofty claims, economics is not a “science”; it is a social science which relies on interpretations of human behavior with a subjective component.
This is glaringly false when it comes to housing. In recent years, a massive wealth transfer has taken place, squeezing money from the poor and the working class and transferring it to billionaires. Some of these very same well-heeled economists are telling us that rent control is inherently disastrous economically. Yet some of the greatest cities in the world, such as New York, regulate rents.In reality, there are many economists who believe that rent control helps keep people in their homes.
Billionaires Corporate Landlords Corporate Power Price Gouging Proposition 33 Rent Control Wall Street Housing Crisis
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