6 ms·
it depends if the rent control limits are reasonable to the landlord and if property still makes a good/better investment that other investment sources. If the
by scarby2 7y ago
it depends if the rent control limits are reasonable to the landlord and if property still makes a good/better investment that other investment sources. If the answer to these questions is still yes then it's not going to make that much of a difference.
The main hurdle to housing in California is the planning, permitting and review process along with often absurd rules that can add years to to the development timeline for a project and add millions of dollars to the costs. These could be massively streamlined (parking minimums removed, height limits relaxed and guidelines that if met would allow for rapid project approval etc.)
If we build a system were development projects were able to be completed for $200k per unit then maybe we might start seeing affordable rents...