As ballots continued to be counted, initial results for California’s 10 ballot measures showed voters roundly rejected a measure to allow cities to expand rent control and approved propositions to borrow billions for climate projects, affirm same-sex marriage and extend a tax for health care programs. They also overwhelmingly approved a high-profile initiative to toughen … Read more
Rent too high? Find a new place. That’s Econ 101. Would the opposite — staying put with help from rent control — be a solution? Well, California, the long-running tenant-landlord drama is back on the ballot in November. Of course, numerous economists tell us rent control is a bad idea. Capping the price of anything … Read more
With home affordability in the Bay Area already out of control, a federal antitrust lawsuit against a property management software company has prompted San Jose officials to consider ways to protect renters from unfair pricing strategies. City Councilmembers Peter Ortiz, Omar Torres and David Cohen have proposed an ordinance that would ban rent or occupancy-setting … Read more
President Joe Biden’s proposal this week to cap rent increases in larger apartment buildings across America has elevated an idea that’s long been embraced by progressive housing advocates in Colorado — but, in a split among Democrats, is opposed by Gov. Jared Polis. What’s more, at the local level, rent-stabilization policies are essentially illegal under … Read more
The Los Angeles County Board of Supervisors on Tuesday will consider extending until the end of the year a 4% cap on rent increases for rent-controlled apartments in unincorporated areas. In response to the COVID-19 pandemic, the county enacted a freeze on rent hikes for rent-controlled units in March 2020. The freeze was extended multiple … Read more
By Jeanne Kuang | CalMatters When California lawmakers passed a rent cap four years ago to protect tenants from large and frequent rent hikes, they exempted hundreds of thousands of units reserved for some of the state’s poorest renters. Low-income housing, after all, is usually built with public subsidies that already impose rent ceilings on … Read more
