I’ve included a link below to an interesting recent article concerning a bid to repeal the predominant residential rent control statute in California, the Costa-Hawkins Rental Housing Act, which was enacted into law in the 1990’s. If this measure does indeed qualify for the November ballot, there is no doubt that an enormous amount of money will be spent by residential landlords and their respective interest groups to defeat the measure. As alluded to in this article, the unintended consequences of repealing Costa-Hawkins, namely by chilling the development of prospective units that may otherwise have been developed, would be interesting to follow. Ultimately, it would not surprise me in the least if that stated concern proved true as the desirability of developing and/or owning residential real estate in jurisdictions with strict rent control measures is substantially diminished.

https://www.sfchronicle.com/bayarea/article/Bid-to-repeal-rent-control-limits-in-California-12852463.php

CategoryReal Estate

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