3 ms·
> 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. Yep. Be
by dev_dull 7y ago
> 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.
Yep. Because communities shouldn’t be able to decide for themselves. Make it a state law. I’m just glad that (for now) these central planners are limited to a state economy and are not in Washington.
Great news for property owners in CA. Studies show over and over rent control legislation further restricts supply[1], so the existing housing will become even more valuable!
1. https://web.stanford.edu/~diamondr/DMQ.pdf https://web.stanford.edu/~diamondr/DMQ.pdf