After several decades on the defensive, rent regulation has been on the comeback trail in the U.S. lately. In Oregon, the state Legislature and governor approved a new law early this year that limits rent increases to 7% a year plus inflation. In California, the state Assembly passed a similar capin May that’s currently in committee in the state Senate, and local rent-control measures have been popping up on ballots for several years now and sometimes passing. 1 In New York, which has the country’s best-known and most extensive system of rent regulation (with allowed annual rent increases of much less than 7% plus inflation), the state Legislature and governor this month enacted a set of changes that will, among other things, put an end to thousands of New York City apartments leaving rent regulation every year when they become vacant.

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