The city tightens its rent control law. Good luck finding an apartment.

The Los Angeles City Council voted Wednesday to cap rent increases for most apartments, a decision that continues a wave of tenant victories in the city and across the country.

The devastating effects of rent controls are well-documented, and the policy is even more disproven by basic economics.

D evelopers say building all-affordable housing complexes rarely makes financial sense. Now in Los Angeles, it is the hottest ...