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01 / 05
Argentina Scrapped Rent Controls. The Market Is Thriving

Wall Street Journal | Housing

Argentina Scrapped Rent Controls. The Market Is Thriving

“For years, Argentina imposed one of the world’s strictest rent-control laws. It was meant to keep homes such as the stately belle epoque apartments of Buenos Aires affordable, but instead, officials here say, rents soared.

Now, the country’s new president, Javier Milei, has scrapped the rental law, along with most government price controls, in a fiscal experiment that he is conducting to revive South America’s second-biggest economy. 

The result: The Argentine capital is undergoing a rental-market boom. Landlords are rushing to put their properties back on the market, with Buenos Aires rental supplies increasing by over 170%. While rents are still up in nominal terms, many renters are getting better deals than ever, with a 40% decline in the real price of rental properties when adjusted for inflation since last October.”

From Wall Street Journal.

Al Jazeera | Capital Punishment

Vietnam Ends Death Penalty for Crimes Against the State, Drugs

“The state-run Vietnam News Agency reported on Wednesday that the country’s National Assembly unanimously passed an amendment to the Criminal Code that abolished the death penalty for eight criminal offences.

Starting from next month, people will no longer face a death sentence for bribery, embezzlement, producing and trading counterfeit medicines, illegally transporting narcotics, espionage, ‘the crime of destroying peace and causing aggressive war’, as well as sabotage and trying to topple the government.

The maximum sentence for these crimes will now be life imprisonment, the news agency said…

The death penalty will remain for 10 other criminal offences under Vietnamese law, including murder, treason, terrorism and the sexual abuse of children, according to the report.”

From Al Jazeera.

Times of Central Asia | Human Freedom

Reactions to Provocative Social Posts Decriminalized in Tajikistan

“Tajik citizens need no longer fear that they will be imprisoned for clicking ‘like’ on social media posts that the Tajik authorities do not like.

Among several laws that Tajik President Emomali Rahmon signed on May 14 was one that decriminalized liking posts on social networks that originate from individuals or organizations the Tajik government considers extremist.”

From Times of Central Asia.

Wall Street Journal | Housing

California Ditches Environmental Law to Tackle Housing Crisis

“California lawmakers on Monday night rolled back one of the most stringent environmental laws in the country, after Gov. Gavin Newsom muscled through the effort in a dramatic move to combat the state’s affordability crisis.

The Democratic governor—widely viewed as a 2028 presidential contender—made passage of two bills addressing an acute housing shortage a condition of his signing the 2025-2026 budget. A cornerstone of the legislation reins in the California Environmental Quality Act, which for more than a half-century has been used by opponents to block almost any kind of development project…

The California Environmental Quality Act was signed into law in 1970 by then-Gov. Ronald Reagan, at a time when Republicans were at the forefront of the nation’s burgeoning green movement. President Richard Nixon also signed groundbreaking protections, including the Endangered Species Act.

CEQA, as it is known, requires state and local agencies to review environmental impacts of planned projects and to take action to avoid or lower any negative effects. Opponents of projects have used the law to delay them by years.”

From Wall Street Journal.

Axios | Infrastructure

NC Bill to Eliminate Parking Minimums Passes House

“The North Carolina House passed a bill unanimously Wednesday [6/26/25] that would block local governments from forcing developers to build parking.

Why it matters: An issue that has been controversial in Charlotte received bipartisan support in Raleigh.

The big picture: With a starting price tag of about $5,000 per space, parking mandates add to the rising costs of new construction. Those expenses are then passed on to residents and businesses as higher rent.”

From Axios.