The other thing that it does, like all price controls, is create shortages. In this case, it will cause a severe housing shortage.
If they pass ‘Rent Control’ there will be Condo Conversions like crazy.
Soon, no apartments to be rented, just bought.
A former co-worker lived in an apartment that was converted to condos. He had to either buy it or get out within a certain time limit.
He bought it.............
Then we will see many THOUSANDS of homeless in California, living in tent cities and downtown street corners....
Soon more people in CA will be homeless than not!