Is Rent Control An Answer To California’s Housing Crisis?
“New census figures show California has the highest poverty rate in the nation due to its affordable housing crisis. And the state is now home to nearly a quarter of the country’s entire homeless population, despite comprising only 12 percent of the U.S. population as a whole. One proposed fix is Proposition 10, billed as a local rent control initiative, which will go before voters this November. It would repeal a 1990s-era law called the Costa Hawkins Act which generally prohibits rent control on most places built after the 1970s, bars local cities from expanding rent control and allows for units to move to free-market rates after rent-controlled tenants leave.”