How California Is Redefining Rent Control | WSJ

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Published 2019-12-30

California's sweeping new rent control law is meant to help alleviate pressures surrounding the affordable housing crisis. The result could mean laws like this start popping up all over the country.

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All Comments (21)

@KleWdSide 4 years ago

In other words... just don't move to SF or NYC unless you're wealthy.
@1stGruhn 4 years ago

what about the laws that prohibit apartment blocks? The main reason rents is going up is that demand is outstripping supply. The laws that restrict renting via zoning and that restrict high rises are the main reason the housing supply is limited. This is nothing more than government trying to 'fix' a problem they created by exerting themselves more into the market they should just get out of.
@RedsHitpostMedia 4 years ago

As a Californian its not working and the middleclass is leaving congrats
@airgunningyup 4 years ago

5% ?? well that assumes everyone in the city is getting 5% annual raises , and most arent .. Most companies give 2-3% raises meaning people are still getting poorer by the day
@ruzzelladrian907 4 years ago

More laws isn't the solution. Building more housing to supply the demand lowers cost of rent.
@StrumVogel 4 years ago

Cost of living and inflation keeps going up, while wages stagnated. That is how the middle class diminishes.
@chasemcallister5055 4 years ago

Haha 5% plus inflation. So 7%. This is going to work great...
@halflife352011 4 years ago

Wow they act like they're proud of that 5% cap every year.
@katrinasavage7105 4 years ago

My landlord raised rent by 300 in a year . we have been in the same place for 14 years. He fixes nothing nor has he painted . We have the original carpet from before we moved in .
@Axel-vt8no 4 years ago

"If California can do it, and it actually works out.." "and if it actually works out.." BOLD ASSUMPTION THERE GIRLY
@nanisonfire1897 4 years ago

Uhhhh California is completely unaffordable when it comes to rent
@ashtoni8683 4 years ago

These laws are pretty ineffective
@tecpaocelotl 4 years ago

My rent has been going up 5-10% each year.
@MattCommins 4 years ago

If landlords can't raise rents then more of them will begin Airbnbing their properties.
@quentinkarn7547 4 years ago

CA voted against Rent Control, yet our governor is forcing it down our throats. Economists are nearly unified in agreement that rent control does not work. This is simply a tactic of buying votes. Rent control increases market rents above what they would be without it. Hence why developers love it, since it brings up the value of new buildings not subject to it (for 15 years). What we need to do is build more housing.
@thomasferrara3218 4 years ago

I’m interested to see how this will play out on the state level. It should stay like that, state by state decision. A federal law capping rent increase should never come
@rickc5566 4 years ago

This is allready law in Vancouver, british columbia but if your tenant leaves your alowed to do renovations and jack up the rent again. Moral of the story is theres allways a way around the game and the rich will continue to play the game . Coffin apartments (like Hong kong) coming to a city near you.
@DavidJGillCA 4 years ago

5% + inflation rate/ PER YEAR....every year? That's still gouging residents.
@oneTOU3 4 years ago

Just the way that guy was talking.
@Peizxcv 4 years ago

Unless you set salary increase at 5% minimum a year, how will this actual help when salary isn’t increasing at 5%?