"For council members, both projects help satisfy the severe lack of for-sale homes in Mountain View. For years, council members have urged developers to provide more ownership housing, not just high-priced rental units." Click here to continue reading
“THE rent is too damn high,” read the signs brandished by tenant advocates at rallies held in late April in Oakland (median monthly rent: $2,950), Los Angeles (median monthly rent: $2,700), and Sacramento (median monthly rent: $1,895). The activists gathered, along with local politicians, to announce that they had collected the signatures necessary to [...]
"State Sen. Mattie Hunter, a Democrat from the South Side, is one of several lawmakers who introduced bills aiming to lift the ban on rent control, which would allow the local municipalities to more tightly control how much landlords can increase rents annually. Hunter’s version would establish elected rent control boards in every county [...]
"Garcetti, having accomplished little in ameliorating the housing crisis in the city, has now thrown his support behind repeal of Costa-Hawkins and suggests he’d consider expanding rent control in Los Angeles. Never mind that the introductory chapters of Econ 101 textbooks make clear why that’s a counterproductive idea, Garcetti is on board. Yeah, that’s just what [...]
"A push to expand rent control in California is sending a chill through the state’s apartment industry, prompting more investors to sell properties or hold off on buying. Ben Lamson, whose family owned just under 100 apartments in the Inland Empire area in southern California, said he has sold about 70 units and is [...]
Ross Barkan is a Democratic State Senate candidate for District 22 in Brooklyn and believes that commercial property rent control will save small businesses. Click here to read more.
Rent Control is a Lazy Solution with Drastic Unintended Consequences for California’s Housing Crisis
"The basic economic principle of supply and demand means that rent control decreases housing supplies." Click here to continue reading...
"When Patricia O’Grady moved into the top floor of a Greenwich Village walk-up in 1955, she and her three roommates helped sweep the hallway in exchange for a discounted rent of $16 a month. The unit was bare, no more than floor and walls, so the girls, all aspiring actresses, slowly improved it themselves, [...]
"California’s gubernatorial hopefuls have a similar answer to the state’s housing crisis: Build a lot more homes. Five of the six major candidates argue that the only way for California to become a more affordable place to live is for developers to build at rates not seen in at least three decades. And the [...]
"The $185,000 fine covers the landlord’s legal fees plus a penalty for violating the Rent Stabilization Code." Click here to continue reading.