Home price will fall due to the coming statewide rent control. Voters have overwhelmingly rejected Prop 10 last year, but some lawmakers want to override voter’s opinion.
“A group of Democratic legislators introduced bills to cap annual rent increases statewide, prevent evictions without just cause and return to cities the authority to adopt rent control ordinances for newer homes and apartments.”
I don’t get all the talk of preventing evictions without just cause. There aren’t that many evictions a year. The top 2 reasons are breaching the lease or the owner moving into the home. Maybe some of the nuisance evictions are BS, but the number of them is tiny. There aren’t enough evictions for it to be a major issue. Eliminating eviction is more about transferring property rights from owners to renters than anything else.
“Over the 11-month period landlords tried to oust 1,881 renters citywide, according to the board’s accounting. The most commonly cited reasons were as follows:
442 for lease breaches.
397 owner move-ins.
371 for nuisance violations.
232 for non-payment or “habitual late payment” on rent.
Now that you bring politics in, let me remind you that you are arguing government knows what they are doing, and their policies will have the intended consequences they want. Not the usual arguments you like to make.
Only when there’s a housing shortage can these 3 fringe politicians have any power. They have to rely on these extreme and fringe policies to defy the majority of the population’s choice to defeat Prop 10 last year