You should vote yes on Proposition 10, also known as the โLocal Rent Control Initiative,โ because it will help more Californians afford decent housing. Proposition 10 will repeal the Costa-Hawkins Rental Housing Act, which strictly limits the use of rent control in the state.
The important thing to remember is that Proposition 10 does not impose rent control on the state; rather, it gives discretion to cities and counties to enact rent control, if needed.
โIt doesnโt do anythingโit just gives jurisdictions a tool if they feel they need it and then they have to come up with an ordinance,โ said Barbara Macri-Ortiz, an attorney and housing advocate based in Oxnard. โThereโs plenty of time and notice to address as to whether itโs good or not for the community.โ
According to a study by the California Budget & Policy Center, more than half of renters in California are considered cost-burdened, and close to 30 percent of renters are considered severely cost-burdened. The U.S. Department of Housing and Urban Development defines renters as cost-burdened when they spend more than 30 percent of their income on rent, while severely cost-burdened renters spend more than half of their income on rent.
Proposition 10 will allow local government to independently control rent to please renters and landlords.
Opponents of Proposition 10 say rent control will make developers go bankrupt and disincentivize them from building more housing, but this is not the case.
โMost studies have found that rent control has no effect on new construction,โ said Stephen Barton, the former housing director for the city of Berkeley in an interview with the Santa Monica Lookout. โProportionately more new apartments are built in cities with rent control.โ
Proposition 10 states that landlords will be able to raise rent to make a profit each year and cover repairs and maintenance. Yearly rent increases will be tied to the Consumer Price Index, which will allow landlords to raise rents based on inflation and other factors.
You do not need to look any further than who is funding the โNo on Prop 10โ campaign to realize who will stand to benefit if the proposition is defeated. According to Ballotpedia, the โNo on Prop 10โ campaign has spent over $64 million on TV ads and other expenditures, almost tripling the amount spent by the โYes on Prop 10โ campaign.
Three of the biggest donors to the โNo on Prop 10โ campaign include the California Association of Realtors Issues Mobilization PAC, Blackstone Property Partners and Breit MF Holdings, LLC. The three largest donors for โYes on Prop 10โ include the AIDS Healthcare Foundation, California Teachers Association and the Alliance of Californians for Community Empowerment Action.
โOn the no side, youโve got predatory corporate landlords and Wall Street speculators who are opposing Prop 10 because theyโve spent the last 20-plus years gaming the system to make more profit at the expense of renters,โ said Charly Norton, communication director for the โYes on Prop 10โ campaign.
Proposition 10 will not singlehandedly fix the housing crisis in California, but it certainly will make it more manageable. Rent control will ensure that Californians will be able to afford rent now, as well as in the future when new housing units are built.
For the past several decades, Californiaโs housing market has been taken advantage of by greedy housing developers and special interests. We canโt let them dictate the price of the housing market anymore, and that is why I urge you to vote yes on Proposition 10.
Manny Lira
Reporter