At the council’s 7PM session, the three new councilmembers, the Vice Mayor, and the Mayor were sworn in. While the evening was focused on ceremony, the new council did vote for two actions, both of which will appear on their agenda Tuesday, January 8, 2019 directed staff to prepare a report about convening a community […]
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 […]
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 […]
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 […]
Rent control policies are key to stabilizing California’s housing affordability crisis, which has driven millions of people into poverty and displaced hundreds of thousands of others, a new analysis released Wednesday by the Haas Institute for a Fair and Inclusive Society at UC Berkeley shows. The research brief, titled “Opening the Door for Rent Control: […]
I am a landlord who supports the Santa Cruz Rent Control and Tenant Protection Act, Measure M. It can help with our housing crisis by stabilizing rents immediately and providing protections from arbitrary evictions, with the goal of helping to keep our diverse community intact. Voting yes on Measure is the right thing to do. […]
Simply put, cost of living is making it nearly impossible for non-wealthy people to continue living in Santa Cruz, be they students, workers or the elderly. This struggle is not polarized between students and locals, as Primack characterized it, but between rich residents and poor residents. It just so happens that there are many poor […]
The house where I have rented for almost 10 years was not on the market, but, last fall [before Measure M was in the works], a realtor representing a family looking to invest in income property offered my landlord enough money that he decided to sell. The new owners let me know they planned to […]
In a series of reports, studies, and articles, the claim that building more housing for rich people will bring down prices as been challenged, if not debunked. The new evidence suggests that the only falling rents are at the very top of the scale – for the rest of us, that new housing is not bringing any relief at all.
Studies show that rent control stabilizes neighborhoods and enhances housing stability for low income households.