Wall Street Already Jittery About Possible Expansion of Rent Control in California

"The mere possibility that California’s ban on rent control could be repealed is making Wall Street investors and landlords jittery. Earlier this month, analysts from SunTrust downgraded Equity Residential(NYSE: EQR) from "buy" to "hold" based in part on Proposition 10, a California ballot initiative that would give cities more leeway to adopt rent new control policies. [...]

2018-08-30T10:42:13-07:00August 30th, 2018|Advocacy, Local Updates, National Updates|

Costa-Hawkins Repeal’s Impact Muted for Mountain View

"Rent control, a political tempest familiar to Mountain View, is set to be a major statewide issue in this November's election. Proposition 10, a ballot initiative that would end the state's restraints on local rent control policies, has thrust the controversial issue back into the spotlight. Specifically, Proposition 10 would repeal the Costa-Hawkins Rental Housing [...]

2018-08-24T09:21:07-07:00August 24th, 2018|Advocacy, Local Updates, National Updates|

Rent Control Harms the People It’s Intended to Help

"If voters across California pass Proposition 10 in November, every homeowner in San Diego with a single-family home, condo or townhouse would be open to local rent control policies. Housing groups are championing the ballot measure, but by repealing the Costa-Hawkins Rental Housing Act, a 1995 state law that limits municipalities’ control over rents, Prop. 10 is poised [...]

2018-08-22T09:13:34-07:00August 22nd, 2018|Advocacy, Local Updates, National Updates|

California Progressives Think That Price Controls Will Fix the State’s Housing Shortage, But It Will Do Immeasurable Damage to the State

"After debating rent control in Santa Monica on Monday with a leader of a liberal community group, I was left thinking about a great quotation from a famous left-wing Californian, author Upton Sinclair: “It is difficult to get a man to understand something, when his salary depends on his not understanding it.” In this case, Santa Monica [...]

2018-08-16T11:22:59-07:00August 16th, 2018|Advocacy, Local Updates, National Updates|

L.A. County Supervisors Approve Temporary Rent Control Ordinance for Mobile Homes

The Los Angeles County Board of Supervisors on Tuesday moved to impose temporary rent caps on mobile homes. The vote comes amid a broader, controversial push to remove barriers to rent control across California in response to rising housing costs. In a 3-1 vote, supervisors approved temporary caps on so-called space rents — the [...]

2018-08-15T08:37:22-07:00August 15th, 2018|Local Updates|

Berkeley Residents to Vote on New Rent Control Exemptions

"Berkeley residents may be able to set some of their own rent control rules if Californians vote to repeal the 1995 Costa Hawkins Rental Housing Act in November. Costa Hawkins bars cities from imposing rent control on houses and condominiums as well as “new construction” — any housing built either after 1995 or after a city [...]

2018-08-13T11:11:50-07:00August 13th, 2018|Advocacy, Local Updates, National Updates|

Why Rent Control Measure Won’t Help Housing Crisis

"California is in the clutches of a housing crisis, one that is making it more difficult for middle-class families to find a safe, affordable place to live. Unfortunately, Proposition 10 — the ballot measure that repeals the Costa-Hawkins Rental Housing Act, including protections for tenants and single-family homeowners — could make the housing crisis worse, [...]

2018-08-13T10:57:55-07:00August 13th, 2018|Advocacy, National Updates|

5,000 Signatures Submitted for Rent Control Referendum

"Activists on Monday, August 6, submitted over 5,000 signatures to place in support of a referendum that would ask voters to lift the ban on rent control in the Logan Square, Rogers Park and Uptown neighborhoods which face rapidly increasing rents that are forcing families and longtime residents out of their apartments. Activists say the [...]

2018-08-13T09:15:17-07:00August 13th, 2018|Advocacy, Local Updates|

Glendale Tenants Union Latest to fail in Collecting Enough Signatures to Get Rent Control on November Ballot

"Another local rent control effort has come up short on the required number of signatures to qualify for the November ballot. On Monday, the Glendale City Clerk deemed 4,000 signatures collected by the Glendale Tenants Union (GTU) “insufficient.” The GTU, which needed 10,529 valid signatures to qualify for the general election, is the latest to [...]

2018-08-09T16:24:57-07:00August 9th, 2018|Advocacy, Glendale|

Rent Control Foes Hire California NAACP Leader After Her Group Opposes Initiative

"The president of the California NAACP has long resisted criticism that she melds the group’s interests with those of her political consulting firm, which takes in large fees for working on campaigns that the civil rights organization backs. Critics say Alice Huffman is doing it again on what is shaping up to be one of [...]

2018-08-09T16:13:59-07:00August 9th, 2018|Advocacy, Local Updates|