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Mike's Corner

Posts from March 2017

RPBG’s Open Letter Re: Rent Control Legislation

First, rent control doesn’t work. There have been many studies on the impacts of rent control in cities where it has been tried. There is close to unanimous agreement that (1) rent control is an ineffective means of helping the low and moderate-income families it is intended to benefit; and (2) the unintended consequences of rent control include lower maintenance of rental properties, reduced production of new apartment units, and increased average housing costs in rent controlled jurisdictions. As Peter Navarro, Professor of Economics at the University of California-Irvine, states in his 1985 study of rent control in Cambridge, Massachusetts, “the economics profession has reached a rare consensus: Rent control creates many more problems than it solves.”
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Posted by Mike G on March 13, 2017 |

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About the Author

Mike G's photoMike Glasser

Mike has a long term relationship with Rogers Park, having lived here at various times in his life, most recently returning to the neighborhood in August, 2009. While living here as a third year law student, he remembers drunken nights at Biddy Mulligan’s and hosting a couple of memorable parties that he, hypocritically, now forbids his own tenants from having. Years later, after completing his stint as a lawyer, Mike started investing in apartment buildings in Rogers Park (and elsewhere), and soon after, did what many newly divorced real estate investors do: he moved into one of his buildings. In 1992 Mike was one of the founding members of the Rogers Park Builders Group, an organization that he eventually headed for six years, until yielding those reigns three years ago. Around a decade ago, on a whim, he reserved the web site “Rogerspark.com,” which he has been developing ever since, and which co-hosts RP BizArts networking events. Mike is the proud father of three wonderful children, Amy, Mitch and Ella.

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