No housing crisis in Arizona. But then, free markets tend to have that effect.
California can go to hell as far as I’m concerned. No sympathy for the disaster their voters are creating. This kills future housing development and makes the situation worse.
Would we have a Housing Crisis or Jobs Crisis if we deported the 5 Million Illegal Aliens in California??
Plank #1 of the Communist Manifesto: Abolition of private property rights.
Looking at the rent limitations I see nothing terrible other than it ain’t the money. It ain’t the homeless. It ain’t protecting tenants. It’s blatant, brazen control. Just another grab of power by Democrats. They are setting up a basis to grab even more.
Californians have a habit of letting the damned Democrats have their way with us. California used to be the fourth largest economy in the World. The Democrats have succeeded in making us now the ninth largest economy in the World. It’s time Californians get off their butts, and start to fight for what’s right.
Every apartment owner in the state is looking to sell, at a bargain price.
The buyers will be condo associations.
Rental property will dry up overnight.
Government orders crops burned to ease food shortages.
Government orders refineries closed to clamp down on rising gasoline prices.
People elect democrats to solve problems.
Now California’s Democrat rulers only have to raise their welfare budgets for illegals and homeless by 5% each year.
Rent control has worked so well in the rest of the world. /s
That has worked just so well in NYC.
Idiots.
Wonder if the sidewalk outside your business can be considered a “rental unit”?
the worst thing you can do in this state is rent control. the reason that most people cant rent is that they are horrible risk to rent to...all that rent control is going to do is remove all the houses rented out by independent owners that don’t use a rental agency...you will see a lot of low end rentals leave the market totally because the risk and reward is to much....watch the homeless problem get worse because of this.
These people are really stupid. How many times do they have to learn this lesson? They should read Thomas Sowell. He has written a lot about the fallacies of rent control.
So let’s see. The state is limiting the return on investment people can earn from their rental property and expects that this will ease a housing shortage?
Socialist economics 101.
They do this in socialist nations!!! The left wing liberals are freakin EVILLLLLLLLLLL!!!!
Total idiocy. Rent controls have always reduced the number of housing units as it discourages new housing from being built. Owners of more desirable rental housing will simply convert those units to condos.
This will make real estate developers rush to build new apartment complexes.</s>
Combine this with the homeless encampments and -TA DA - instant third world favelas (or whatever favela is in Spanish)!
Total idiocy. Rent controls have always reduced the number of housing units as it discourages new housing from being built. Owners of more desirable rental housing will simply convert those units to condos.