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In the News

Nevada Lawmakers Look To Make Housing ‘Crisis’ Worse

quoting Richard A. Epsteinvia Las Vegas Review Journal
Tuesday, April 2, 2019

Occam’s razor is a scientific theorem which essentially holds that the simplest solution to a problem is likely the most effective approach. 

In the News

Why Rent Control Is Wrong For Chicago

quoting Thomas Sowellvia Crain's Chicago Business
Monday, March 11, 2019

If rent control solved the workforce housing crisis, it would have been the law of the land long ago.

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The Libertarian: Rent Control, Housing, And Economics

interview with Richard A. Epsteinvia The Libertarian
Thursday, March 7, 2019

With Oregon creating the nation’s first statewide rent control regime, the implications for American housing policy are ominous.

Policy Seminar with Rebecca Diamond

Thursday, February 28, 2019
Annenberg Conference Room, Lou Henry Hoover Building

Rebecca Diamond, Hoover Institution national fellow, and associate professor of economics at the Stanford Graduate School of Business, discussed “The Effects of Rent Control Expansion on Tenants, Landlords, and Inequality: Evidence from San Francisco.”

Analysis and Commentary

Rent Control Is Worse Than Bombing

by David R. Hendersonvia EconLog
Tuesday, March 5, 2019

[Gunnar] Myrdal stated, “Rent control has in certain Western countries constituted, maybe, the worst example of poor planning by governments lacking courage and vision.” His fellow Swedish economist (and socialist) Assar Lindbeck asserted, “In many cases rent control appears to be the most efficient technique presently known to destroy a city—except for bombing.”


So You Want To Move To California And Buy A Decent Home? Here Is How Much You Need, And Why

by Lee Ohanianvia California on Your Mind
Tuesday, February 19, 2019

In an earlier California on Your Mind column, I discussed how California is ranked 49th among US states in housing affordability, 42nd in public school quality, and 40th in tax rates, all of which negatively affect Californians, particularly those with school-age children.  


The Simple Analytics Of Why California Home Prices Will Soon Fall

by Lee Ohanianvia California on Your Mind
Tuesday, December 11, 2018

The median price of a single-family home in California has increased to about $546,000. This is a record high, and is more than 80 percent above the 2012 median of $300,000. California home prices are likely peaking now, and I expect that they will decline soon. 

In the News

Why A Housing Cool-Off May Leave Consumers Unperturbed This Time

quoting Robert E. Hallvia Bloomberg
Tuesday, November 13, 2018

In a post-financial-crisis world, the phrase "housing market slowdown" has a ring of impending disaster.

In the News

California'a Fire Dilemma: Rebuild Knowing Same Homes Will Burn Again?

quoting Alice Hillvia King 5
Monday, November 12, 2018

California faces dilemma: Rebuild after fires?

Blank Section (Placeholder)PoliticsFeatured

Housing Policy Reform: Economic Policy Challenges Facing California’s Next Governor

by Lee Ohanian, Jesús Fernández-Villaverdevia Hoover Institution
Monday, October 29, 2018

California is ranked forty-ninth in housing affordability. According to Zillow, the median home value in California in July 2018 was $541,800, compared to the national median price of $218,000, which is a premium of about 150 percent over the national average. Only Hawaii and Washington, DC, have higher median home values than California.