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By: Grace GuarnieriJanuary 11, 2018
Rent control policies could actually be making income inequality worse in gentrifying cities such as San Francisco, a new paper from Stanford University researchers argues.
The working paper published by the National Bureau of Economic Research says the laws intended to protect certain tenants from rent hikes ended up spiking prices through many other parts of San Francisco. This follows other studies that have shown similar consequences for rent control in cities including Los Angeles, New York and Cambridge, Massachusetts.