Quote:
Originally Posted by jtown,man
https://www.bizjournals.com/sanjose/news...-election-results-2018-propositions.html
"Almost 62 percent of California voters rejected this measure, which would have given cities the ability to expand rent control.
The California real estate community rallied its troops — and tens of millions of dollars — to defeat the measure, arguing that rent control only exacerbates the affordability crisis by discouraging development of new homes in housing-starved California."
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I voted against it. Outside a few dense, high cost cities like SF which already have rent control, I don't see any reason for it in CA. Where there's room to build housing, that's the solution--more supply--rather than attempts to control rents/prices.
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