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Rent Control movement spreading in the Bay Area


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2015 Apr 12, 3:27pm   1,244 views  3 comments

by tovarichpeter   ➕follow (6)   💰tip   ignore  

http://www.mercurynews.com/ci_27899615/soaring-rents-spark-growing-calls-rent-control

Four decades after tenants won rent control in some of the Bay Area's biggest and most left-leaning cities, the movement is creeping back to life in the suburbs, spurred on by a runaway rental market that has priced out blue collar workers, young families and seniors. Rent control advocates have made their case in council chambers across the Peninsula as well as in Alameda, Richmond and Fremont, where officials are unaccustomed to rental housing politics. Although state law limits rent control to older, multiunit apartment buildings, supporters say that paired with eviction protections, rent control could still safeguard tens of...

#housing

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1   curious2   2015 Apr 12, 4:09pm  

Restrictions on zoning and planning created the housing crisis and cause it to continue. SF should allow construction of more housing supply to meet the increase in demand. Instead of an overpriced city plagued by the paradox of high wage poverty (even university graduates are piling into overpriced apartments because they can't afford a place of their own), SF could be a more prosperous city with a higher standard of living simply by allowing enough construction to meet demand. Extending rent control out to the suburbs might protect some people, probably at the expense of others, but it does not address the shortage that is causing the problem.

2   mell   2015 Apr 12, 4:29pm  

curious2 says

Restrictions on zoning and planning created the housing crisis and cause it to continue. SF should allow construction of more housing supply to meet the increase in demand. Instead of an overpriced city plagued by the paradox of high wage poverty (even university graduates are piling into overpriced apartments because they can't afford a place of their own), SF could be a more prosperous city with a higher standard of living simply by allowing enough construction to meet demand. Extending rent control out to the suburbs might protect some people, probably at the expense of others, but it does not address the shortage that is causing the problem.

It actually makes it worse by further tightening supply via reduced building of eligible apartments and lots of conversions into SFHs.

3   mell   2015 Apr 12, 4:31pm  

Also section 8 is one of the biggest offenders. Subsidies in prime neighborhoods close to downtown as high as a complete rent for the same or more space in a more remote neighborhood.

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