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California Approves Statewide Rent Control to Ease Housing Crisis
New York Times ^ | September 11, 2019 | Conor Dougherty and Luis Ferré-Sadurní

Posted on 09/11/2019 6:28:05 PM PDT by karpov

California lawmakers approved a statewide rent cap on Wednesday covering millions of tenants, the biggest step yet in a surge of initiatives to address an affordable-housing crunch nationwide.

The bill limits annual rent increases to 5 percent after inflation and offers new barriers to eviction, providing a bit of housing security in a state with the nation’s highest housing prices and a swelling homeless population.

Gov. Gavin Newsom, a Democrat who has made tenant protection a priority in his first year in office, led negotiations to strengthen the legislation. He has said he would sign the bill, approved as part of a flurry of activity in the final week of the legislative session.

The measure, affecting an estimated eight million residents of rental homes and apartments, was heavily pushed by tenants’ groups. In an indication of how dire housing problems have become, it also garnered the support of the California Business Roundtable, representing leading employers, and was unopposed by the state’s biggest landlords’ group.

That dynamic reflected a momentous political swing. For a quarter-century, California law has sharply curbed the ability of localities to impose rent control. Now, the state itself has taken that step.

“The housing crisis is reaching every corner of America, where you’re seeing high home prices, high rents, evictions and homelessness that we’re all struggling to grapple with,” said Assemblyman David Chiu, a San Francisco Democrat who was the bill’s author. “Protecting tenants is a critical and obvious component of any strategy to address this.”

A greater share of households nationwide are renting than at any point in a half-century. But only four states — California, Maryland, New Jersey and New York — have localities with some type of rent control, along with the District of Columbia.

(Excerpt) Read more at nytimes.com ...


TOPICS: Business/Economy; Government; News/Current Events; US: California
KEYWORDS: democrats; housing; lofan; newsom; rentcontrol; socialism
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Putting out a fire with gasoline.
1 posted on 09/11/2019 6:28:05 PM PDT by karpov
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To: karpov

Exactly


2 posted on 09/11/2019 6:28:46 PM PDT by BenLurkin (The above is not a statement of fact. It is either opinion or satire. Or both.)
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To: karpov

Oh my! Rental property crash coming?


3 posted on 09/11/2019 6:29:28 PM PDT by jimfree (My19 y/o granddaughter continues to have more quality exec experience than an 8 year Obama.)
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To: karpov

Exactly.


4 posted on 09/11/2019 6:29:31 PM PDT by piytar (If it was not for double standards, the Democrats and the left would have NO standards.)
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To: karpov

So, like NYC, CA will have less, more expensive housing and even more homeless. Leftists always drive full speed in reverse toward the ditch.


5 posted on 09/11/2019 6:30:32 PM PDT by twister881
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To: karpov

The bill limits annual rent increases to 5 percent after inflation


so inflation rate plus 5%?

Limits turn into guidelines......................


6 posted on 09/11/2019 6:31:01 PM PDT by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
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To: karpov

And... lot of houses going to be sold not rented now.

Socialists screw up everything they touch.


7 posted on 09/11/2019 6:31:28 PM PDT by American in Israel (A wise man's heart directs him to the right, but the foolish mans heart directs him toward the left.)
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To: karpov

The bill limits annual rent increases to 5 percent after inflation

That’s not much control. If inflation is 3%, then the rent can go up 8% per year.


8 posted on 09/11/2019 6:31:53 PM PDT by Steven Scharf
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To: karpov

was unopposed by the state’s biggest landlords’ group.


should tell us something..................


9 posted on 09/11/2019 6:32:16 PM PDT by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
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To: karpov

Hey dummies, way to get investors and developers out of the rental market. That’ll help with the supply of housing, yeah, that’s the ticket.


10 posted on 09/11/2019 6:33:29 PM PDT by NohSpinZone (First thing we do, let's kill all the lawyers)
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To: karpov

Yup. No actual rental housing, but it’s so cheap!!!

Or maybe they will pass legislation forcing people to rent out their spare bedrooms?


11 posted on 09/11/2019 6:34:19 PM PDT by rbg81 (Truth is stranger than fiction)
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To: karpov
Communists stealing property from its owners.
12 posted on 09/11/2019 6:35:13 PM PDT by HereInTheHeartland (I have no incriminating evidence on the Clintons)
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To: karpov

When was the last time anyone built a straight rental unit in New York City, under rent control?


13 posted on 09/11/2019 6:36:14 PM PDT by Jim Noble (There is nothing racist in stating plainly what most people already know)
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To: karpov

The rents in CA. are already so high what the hell, the horse is already out of the barn!! Problem here is supply and demand there have been SO MANY illegals in the state more than one family living in an apartment or home the costs for rentals are outrageous!! Get rid of the illegals and rents will plummet!!! A studio one room apartment where I am is $1300.00 a month then you have all of your utilities on top of that!!! Renting a room in someone else’s home is $800.00-$900.00 a month!!! Can you imagine paying that to live in this bastion of liberalism, where you have to speak Spanish in order to get b in your normal everyday life!!!


14 posted on 09/11/2019 6:37:18 PM PDT by Trump Girl Kit Cat (Yosemite Sam raising hell)
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To: karpov

So the communists just guaranteed that the rent on every dwelling in CA will go up 5% every year. You can be sure that the legislature will knock the 5% down to near nothing. Since the supply of rental units will stagnate, they will soon get the State into the housing business, with corrupt cronies siphoning off billions.


15 posted on 09/11/2019 6:37:24 PM PDT by Chewbarkah
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To: rbg81

All California’s should be required to rent every room in their houses to illegals and homeless...rent free. It is the only virtuous thing to do. To do otherwise would be white supremacist and racist .


16 posted on 09/11/2019 6:37:59 PM PDT by hal ogen (First Amendment or Reeducation Camp???)
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To: karpov

...because rent control has worked to ease housing shortages everywhere else it’s been tried, right?

**** crickets ****


17 posted on 09/11/2019 6:39:13 PM PDT by Disambiguator (Keepin' it analog.)
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To: PeterPrinciple

The bill limits annual rent increases to 5 percent after inflation
...................................................................
so inflation rate plus 5%?
Limits turn into guidelines......................
************************************************
Exactly. In the future landlords who would not raise the rent annually by that much now WILL!


18 posted on 09/11/2019 6:40:50 PM PDT by House Atreides (Boycott the NFL 100% — PERMANENTLY!)
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To: karpov

It’s almost impossible to evict a tenant now. What fools.


19 posted on 09/11/2019 6:42:17 PM PDT by Seruzawa (TANSTAAFL!)
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To: karpov

They. Never. Learn.


20 posted on 09/11/2019 6:42:49 PM PDT by JPG (MAGA!)
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