Supreme Court Rejects Rent-Control Challenge

From the LA Times:

The Supreme Court on Monday rejected a constitutional challenge to New York City’s famed rent-control ordinance, a post-World War II housing measure that limits the rents of more than a million apartments.

The court’s action is a setback for property-rights activists, who had hoped a more conservative court would protect landlords and a free market in rentals. For decades, critics have said rent-control laws deny property owners the right to fully profit from their investment…

In his appeal, James Harmon said the rent control law violated the 5th Amendment, which says “private property [shall not] be taken for public use without just compensation…”

For decades, critics have urged the justices to strike down rent-control measures as unconstitutional, but they have refused.