Posted on 05/05/2018 1:02:14 PM PDT by Mariner
A costly and potentially bruising campaign is taking shape over rent control in California, with deep-pocketed Los Angeles activist Michael Weinstein bankrolling a proposed November ballot initiative to repeal a state law that sets tight limits on the type of housing covered under local rent control laws.
“Nobody’s fighting for the tenant,” said Weinstein, president of AIDS Healthcare Foundation, who partly funded the Proposition 61, the 2016 fight over prescription drug costs that became the most expensive initiative that year, with total spending at roughly $130 million.
As California confronts a historic housing crisis, low- and middle-income renters are being pushed out, even in cities with some form of rent control.
The disruption is fueling the push by Weinstein and other tenants rights’ activists to overturn a state law that prevents cities and counties from adopting strong rent control laws.
(Excerpt) Read more at sacbee.com ...
That's two more bedrooms than your family needs, comrade! I stayed in your standard 400 sf studio for $2300/mo, in Belmont, near Stanford, and was glad of it! (Seriously, last month!)
Until every family has "basic shelter", you Aristos had better get used to sharing with the People...
“We’ll cap your monthly rent for this 1200 sf. three bed, 1.5 bath at $4,000.”
Half of market rate.
“I stayed in your standard 400 sf studio for $2300/mo, in Belmont, near Stanford, and was glad of it!”
I almost took a contract in Palo Alto last year. Then I checked rent for a studio, with the intent of staying during the week and driving home to Sac for the weekends.
I could find NOTHING under $3,000/month for a studio in any place I would live.
You nailed it, I was going to comment but I’m STFU.
OMG you controlled yourself with that idiot than I could have. Sadly, I think this has a good chance of passing. Get the uneducated masses out there to vote. What’s next? For e the banks to give loans to property developers that will be forced to build apartment complexes at a loss?
Lol...not before the government installs a family of illegals in your spare bed room.
When companie leave and so do the jobs, depopulation will lower prices
They would have to at the barrel of a gun.
In over 7 million private homes.
And, I still believe the Federal Government will someday put an end to communist rule in CA.
DJT is our last, best chance.
But the state continues to grow. It’s now 1/8th of the entire US economy and 1/4 of its defense manufacturing, and bringing them to heel will not be easy. Add in its siblings in Oregon and Washington and Nevada, and it’s a daunting proposition.
LOL, thanks for the response. Don’t STFU...
MA voted it out out in ‘94———much to my surprise.
.
How long before California just declares all property belongs to the state? It would save the trouble of doing it incrementally.
Silly Person! You don’t have to work. There is Welfare after all!
The rent for a new person in my building is $200 higher then someone who has been here for years. The owners have the cars vandalized, apts broken into to drive the older tenants out.
I caught one manager who tried to get into my place but he ran off (honest people do not) His wife came up and explained that he was looking for a water leak. My car was in the shop and they thought I was not home. They moved out within the year. I have also discovered nails and screws behind my tires.
I see what he did there!
These propositions are a form of mob rule.
Shoulda told him the way to lower rent costs is to build more housing. Then explain the state’s policies are causing the “crisis”. Watching the cognitive dissonance would have been hilarious.
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