6 ms·
This is a misleading headline. The problem with rent control is that it allows many well-off individuals to collect ever-growing rent subsidies, to the point w
by raldi 7y ago
This is a misleading headline.
The problem with rent control is that it allows many well-off individuals to collect ever-growing rent subsidies, to the point where after 10 or 15 years their rent is a joke compared to what their (often less-fortunate) neighbors are paying.
This bill does not have that flaw. Crucially, it sets the maximum allowable rent increase to be well above, not below, the historic long-term rent curve. Over time, in the long run, rents will approach market-rate. And that makes all the difference.
- spaceflunky 7y agoWhat you're ignoring is voters resoundingly rejected Prop 10, the rent control measure that went on the ballot LESS THAN ONE YEAR AGO. Which was pretty close to AB1482. Yet, despite the majority of voters saying no, the legislature felt it necessary to push forward with legislation anyways. Above all else, the government ignoring a direct vote from the people is most disgusting of all and reason enough for why this should be vetoed. https://www.sfchronicle.com/politics/article/Prop-10-Califor.. https://www.sfchronicle.com/politics/article/Prop-10-Califor....
- raldi 7y agoAB-1482 is nothing like Prop 10.