Real Estate/Development,
Government
Sep. 11, 2024
A look at Prop 33, the state's latest effort to expand rent control
Proposition 33 aims to expand rent control to post-1995 properties by repealing Costa-Hawkins. Supporters say it will curb rent hikes and prevent homelessness. Opponents warn it may worsen the housing shortage. Similar efforts have failed before.
With the exorbitant price of housing in California, some local governments have attempted to alleviate costs by restricting a landlord's ability to increase rent each year - a policy known as rent control. Currently over 20 cities and counties in California - including San Francisco and Santa Monica - have rent control ordinances for residential rental housing.
On this November's ballot, the measure known as Proposition 33 seeks to give local government...
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