The magical thinking that is rent control

With millions of Californians struggling under the burden of rising housing costs, it is no wonder that many are calling for rent control as one means of easing the burden on renters.
According to figures cited by the California Department of Housing and Community Development, more than half all renter households in the state pay more than 30 percent of their household incomes on housing. Nearly a third pay more than half of their incomes on housing.
As one would expect, low-income Californians