More Democrat control to favor their voting groups. Buying votes.
How about a Tax Control Bill. The reason why housing is too expensive is due to out of control taxes and spending.
If they solve that problem, they can work on a Poop Control Bill, a Homeless in the Streets Bill, an Illegal Immigration is Killing Us Control Bill, a Hollywood Control Bill, and etc.
Because it worked so well in New York..............
So there will be no rental property in California? Fine with me.
It doesn’t work! Plus it’s illegal and unconstitutional. The government has no right to interfere with transactions, or to set prices.
Oh, THAT will fix their housing problems. That will fix it for SURE.
There must be a secret IQ test that is given to all prospective California legislators, and if the results are above 80, they are encouraged to become Starbucks baristas instead.
California needs rigid rent control on all rental property, residential or commercial, in the State. That should provide princely incomes to bureaucrats charged with overseeing its management. The off books prices of exemptions should skyrocket rapidly.
Please...PLEASE...show me one example of where rent controls worked in the long run. In the long run, they are the perfect recipe for creating slums.
In the short run, landlords work with the fixed rents. As prices creep up, eventually landlords see their incomes falling, so they start cutting back on maintenance. To make sure it fails, the city council raises property taxes over time, too, which just speeds up the spiral. If pushed far enough, landlords simply abandon the property because no reasonable person can make a profit by owning it. This causes the city funding to dry up and it spirals downward.
Think it can’t happen. We already bailed out New York City once, Trenton, NJ, never did fully recover.
How damn stupid can Leftists be?
There’s already an affordable housing shortage in California. This will just make it worse as investors won’t want to build new units they can’t set the price on. Or worse, they use the cheapest material they can get their hands on to cut cost and put up shoddy housing. No one wins here.
Rent controls worked great in Venezuela.
Bump
How about forming Sanctuary Rent Control Counties and Cities?
Nutty Nancy’s rental units would be exempt?
Two days ago. my neighbor told me that his brother is having a huge problem with rent control in San Francisco. Brother’s wife inherited a home from her mother after death. They want to refurbish the two flats within, but a tenant refuses to move. They offered tenant $40,000 to move out but tenant says she will not accept any offer. They can’t raise the rent, can’t evict her. Worse, in SF if a tenant is over 62 then she has right to live there while alive, and can pass on privilege to children.
Insane situation for homeowners in SF that rent out to tenants.
That should instantly kill any new multiple family dwelling construction.
Nice work Lefties.
Things will immediately get far worse.