The Buckeye Institute to SCOTUS: “Rent is Too Damn High” in NYC Due to Unconstitutional Rent Control Laws
The Buckeye Institute and Professor Richard A. Epstein jointly filed an amicus brief in 74 Pinehurst v. New York City, calling on the U.S. Supreme Court to hear this case and protect property owners from unconstitutional government “regulatory takings” that are imposed through rent-control schemes. “A perennial candidate infamously lamented that rent in New York was ‘too damn high.’ He was right. Rent control laws violate the Fifth Amendment’s takings clause and limit housing stock, which causes market distortions.”