A few months ago, I posted an article concerning Proposition 10, which would repeal the Costa-Hawkins Rental Housing Act and significantly expand the reach of rent control within California. Unsurprisingly, this has proven to be a controversial proposition with significant forces favoring and opposing its passage.

While the LA Times has endorsed the measure, the SF Chronicle has opposed it. The various pros and cons espoused by both sides are interesting, and in reality, no one knows what the consequences would be of repealing Costa-Hawkins.

A recent survey shows the Proposition trailing by double digits (46 to 35%), so unless the methodology of this survey is not representative of the electorate or there is a major ground swell in support of Proposition 10 soon, it looks like status quo will be preserved in California with respect to local jurisdictions and rent control.

http://www.surveyusa.com/client/PollReport.aspx?g=85614f00-b105-4f49-a6e5-630e246d8d52

CategoryReal Estate

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