, Columnist
What Mexico City Can Learn from Buenos Aires on Rent Control
Mexico’s capital is limiting rent increases to make housing more affordable. But as the case of Buenos Aires shows, restricting supply is never a good idea.
Needed: more houses, less rhetoric.
Photographer: Alejandro Cegarra/Bloomberg
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In the face of gentrification, Mexico City is fighting back.
Recently, the city’s congress passed legislation effectively capping rent increases and introducing new regulations to try to cool a property market that has attracted booming demand from locals and foreigners. The measures, acting mayor Martí Batres of the leftist ruling party Morena said, are an “act of social justice” that will halt abuses. “Gentrification is not good for the city in any way,” another top official claimed, vowing to “combat it.”