Opinion: Matt Fleming: Rent control is the zombie that refuses to die
Like the zombie that refuses to die, rent control is back.Why are we doing this, you ask? That’s a good question.
The AIDS Healthcare Foundation spent around $60 million in 2018 and 2020 unsuccessfully trying to pass this thing and then another $8 million to get it on the ballot this time. There has to be better uses for $68 million than on losing efforts for bad, unpopular policy.It sounds like good policy when you say it aloud, right?Unfortunately, that’s as far as good vibes can carry it. It’s the poster child for counterproductive policy.
In short, this ballot measure would repeal the current system, passed decades ago, and strip away at least two very important protections.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rent Growth Is Slowing (Where Housing Got Built)Fresh confirmation that housing, like every other good, gets cheaper when there’s more of it to go around.
Read more »
Tarek El Moussa evicts residents from rent-controlled apartments in North HollywoodHGTV “Flip or Flop” star Tarek El Moussa has called on investors to partner with him on what he calls a once-in-a-lifetime housing development. But to make his highrise happen, he’s evicted families from small rent-controlled apartments on the block.
Read more »
'Selling Sunset' star evicting rent-controlled tenants whose landlord set fire to their homesReality television personalities Tarek and Heather El Moussa are evicting rent-controlled tenants to build new apartments. Tenants say they're owed more because their landlord committed arson.
Read more »
'Renters Are Struggling': Economists Back Tenant-Led Push for Federal Rent Control'We have seen corporate landlords—who own a larger share of the rental market than ever before—use inflation as an excuse to hike rents and reap excess profits beyond what should be considered fair and reasonable.'
Read more »
Phoenix, Mesa mayors rail against rent tax ban, call on Legislature for funding supportArizona cities are in overdrive figuring out how to plug the hole from banned rental sales tax starting in 2025.
Read more »
Mike’s Diner Bar in Palo Alto faces eviction after owner paid rent one day lateAfter 29 years of business in Palo Alto, Mike’s Diner Bar faces eviction – all because its owner, Mike Wallau, paid rent a day late following a family medical emergency.
Read more »