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Monthly Archives: October 2018

Wall Street Is Spending Big to Protect Its Ability to Jack up Rents in California

FOR SOME ON Wall Street, the financial crash of 2008 represented a once-in-a-lifetime opportunity. Homeowners who’d been walloped by the very crisis Wall Street had created were struggling to pay their mortgages, so financiers swooped in and bought up foreclosed homes, knowing the assets would eventually rise in price again.   But with so many people […]

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Allowing local rent control is a matter of racial justice

Opponents of Proposition 10, the local rent control initiative on the November ballot, might say rent control is an esoteric free market issue. But California’s housing crisis is not esoteric. It’s a racial justice issue, plain and simple. Voters should pass Prop. 10, which repeals the state’s Costa-Hawkins Rental Housing Act, and start to address […]

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New study says rent control doesn’t discourage new housing

The USC study, sponsored by the California Community Foundation, suggests that rent control tends to keep rents lower even in uncontrolled buildings, helps preserve housing and community stability – and has little discernable impact on the construction of new housing. The study’s authors are not economists. The lead author, Manuel Pastor, is a sociologist. The two […]

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