Real Estate/Development
Oct. 10, 2018
Prop 10 is the wrong approach to address the housing crisis
A middle ground is possible for rent control, but this year’s initiative to repeal Costa-Hawkins does the opposite.
Eric Maman
Eric Maman is a real estate attorney in Santa Monica and an apartment investor.
In this age of political polarization, nothing evokes passions and separates camps quite like the words 'rent control'. This decades-old public policy is invariably viewed as either a necessary remedy for the lack of affordable housing and a protection of a fundamental human right -- shelter -- or as a discredited socialistic policy that distorts the marketplace and discourages housing production. There is little middle ground, or so one would think.
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