Spain's rent control failure

A year ago, Spain's socialist government passed a sweeping law meant to rein in soaring home rental prices. Nevertheless, prices are higher than ever. What went wrong? In essence, it's the classic dynamic of squeezing a balloon. The law applied limits to long-term rentals, so landlords moved their properties into the more-lucrative, less-regulated, short-term tourist rental market. The World's Gerry Hadden reports.