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. […]
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 […]
A detailed study by the Federal Reserve Board debunks the simplistic argument that building more housing will lower rents. Rent control under Measure M is the only way to stop displacement while we work on long-term solutions.
The ballot measure for Santa Cruz Rent Control and Tenant Protection Act now has its letter for the November 6 ballot: Measure M! Join us Sunday, August 12 at 215 Gharkey St. 4-6 pm for our Campaign Kickoff event!
Special Council Meeting called for Anti-Rent Control Lobby: Santa Cruz Mayor David Terrazas has convened a special session of the City Council this Tuesday, August 7, at 6:00pm, to make a final decision on whether to grant special favors to the anti-rent control lobby, which the Mayor has publicly endorsed. After the lobby failed to […]
Rent control is the only way to provide tenants with the stability our communities need right now — not thirty years from now, after construction of massive amounts of new housing that may or may not ever be built.
In the past five years,according to the U.S. Bureau of Labor Statistics, the Bay Area cost of living for everything except rent went up only 6 percent, but rents increased by 32 percent. These rising rents have displaced tens of thousands of Bay Area residents from their homes.
We know that stable communities are safer and healthier communities. Rent control is the only way to provide tenants with the stability our communities need right now — not thirty years from now, after construction of massive amounts of new housing that may or may not ever be built.