Strategies for increasing affordability often involved trade-offs between various goals and impacts. It is important to consider all of these factors when evaluating potential solutions to unaffordability.
One of the most controversial measures on the November 6 ballot in California is Prop. 10: the repeal of the landmark Costa-Hawkins Act that places limits on rent control. Real estate investment trusts are donating big time to defeat it.
The measure would repeal the 1996 Costa-Hawkins Act that places limits on rent control ordinances. Repealing the act would allow cities with rent control to consider expanding rent control to provide tenants greater protections.