Real Estate/Development
Nov. 7, 2024
For the third time in six years, a rent control ballot initiative fails
California voters have roundly rejected another rent control proposition, despite the high cost of rent. Legal experts weigh in on the reasons why.
An initiative that would have repealed California's Costa-Hawkins Rental Housing Act, which prohibits the application of rent control to properties constructed after 1995, has been roundly defeated at the ballot box. On Wednesday, legal experts questioned whether a mismatch in campaign messaging and a distrust in local government were part of the reason why.
As of Wednesday afternoon, the measure, Proposition 33, had been rejected by 61% of voters. It marks the third time in r...
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