It’s expensive to be a tenant in California. Will Proposition 10’s rent control expansion help?
(LOS ANGELES TIMES) Liam Dillon, October 14, 2018 — In less than five weeks, California voters will decide on Proposition 10, a ballot initiative that would allow cities and counties across the state to expand rent control.
Supporters of the measure say it will offer relief for tenants during a time of unprecedented housing affordability problems in California. Opponents contend it will stymie housing construction — the levels are already low — and further increase costs.
Here’s a rundown of some of the difficulties renters face and how Proposition 10 would affect them and broader affordability issues.
Just how dire is the situation for renters in California?
Very. Nine and a half million renters — more than half of California’s tenant population — are burdened by high rents, spending at least 30% of their income on housing costs, according to a recent analysis of U.S. census data by UC Berkeley’s Haas Institute for a Fair and Inclusive Society.
Source: http://www.latimes.com/politics/la-pol-ca-rent-control-impacts-20181003-story.html