Rent control doesn't work. It doesn't make affordable housing more available and it doesn't make available housing more affordable. It traps people in their homes and discourages property managers from maintaining the building.
As if we needed additional proof that rent control doesn't work, Sacramento is pushing AB 1229 (Atkins), a bill that would dramatically weaken the rent control limitations contained in the landmark Costa-Hawkins Act of 1995.
California REALTORS! Check your email today for an action alert from the California Association of REALTORS® asking you to call your Senator right away and
ask him or her to oppose AB 1229.
AB 1229 would allow local governments in rent control jurisdictions to impose inclusionary zoning on newly constructed rental housing developments, thus effectively repealing that part of the Costa-Hawkins Act that exempts new construction from rent control. AB 1229 could be considered by the full Senate as early as this Thursday.
Call your Senator today! Remember, it just doesn't work.
