The Wall Street Journal Editorial Board comments on St. Paul rent control failures.
The Wall Street Journal Editorial Board didn’t hold back in its latest commentary about rent control in St. Paul, Minn., calling rent control “among the dumbest policies known to man.”
The opinion piece comes after the City Council voted on changes to ease the strictness of the previously voted on measure that was approved by residents last November.
Much of the changes were brought about after development stalled. The Wall Street Journal cites the City Council’s bill: “according to data from the Department of Housing and Urban Development, there have been only two hundred (200) residential building permits in Saint Paul through April of 2022, compared to 1,391 at the same point in 2021.”
Learn more about St. Paul’s rent control policy and how the National Apartment Association is educating the public on rent control’s harmful effects.