Real Estate/Development,
Land Use,
Government
Jan. 29, 2020
SB 50, not rent control, should be California's housing crisis solution
Rent control may well limit rent increases on current occupied units and enable existing tenants to remain in their units longer; however, it discourages new housing starts and creates scarcity.
Len Rifkind
Principal
Rifkind Law Group
Email: len@rifkindlawgroup.com
Rifkind Law Group, which provides legal services to the greater Bay Area and throughout the State of California, and has successfully served thousands of clients in real estate, land use, and business matters.
Effective Jan. 1, millions of California residential units became subject to statewide rent control and just cause eviction controls due to the passage of Assembly Bill 1482. While tenants may cheer, mind the old adage, "be careful what you wish for." Rent control may well limit rent increases on current occupied units and enable existing tenants to remain in their units longer; however, it discourages new housing starts and creates scarcity. Lack of housing supply is...
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