A new push for rent control on Beacon Hill won’t solve the state’s housing woes, and it won’t keep young people from fleeing the Bay State for less expensive climes.
That was the message Sunday from Greater Boston Chamber of Commerce CEO James B. Rooney, who called the resurgence of rent control on Beacon Hill this summer a “terrible idea.”
“I mean, owners don’t invest in the properties. The non-rent control prices go up. People stay in those units − they don’t turn over. They just get occupied, and people stay," Rooney said during a Sunday sitdown on WCVB-TV’s “On the Record” program .
“If you read the data, the history of ... rent control is just so bad,” he said.
Rooney’s televised comments came days after housing advocates rolled out a plan to get a rent stabilization ballot que