Over 25 years in California, Rent Control has proven
itself to be the only means of controlling the inflationary spiral of
rents ruining our economy. None of the evils predicted by its opponents
have come true. Rents and rental conditions in uncontrolled areas have
gotten worse. As though the public would believe anything, anti-rent
control groups repeat the same myths. |
“Rent Control Doesn’t Work”
This is a popular slogan because
it explains nothing. Rent control certainly keeps rents down, which is
why the opponents oppose it. Rent Control never pretended to be a
panacea. It is especially effective without vacancy decontrol. |
“Let the Free Market solve the problem”
Having tenants organizing for
rent control IS the free market: a consumer revolt, like a boycott. The
market forces have had 25 years to
solve the housing crisis. They built condos, not apartments. Supply
failed to meet demand. Time for results. |
“Home Prices will Fall”
In 1990-2000, local home prices
in uncontrolled cities fell while those in rent controlled cities rose
dramatically. Rent control helps tenants save up the down payment,
raising demand [and therefore the price] for houses. Only highly
desirable cities need rent control, to maintain economic balance in the
community. Rent Control give a city prestige. |
“If rents go up, richer tenants move in.”
Rents are going up everywhere,
not just in one building, so why move? Tenants pull in their
belts, instead. Our median income has not increased along with rising
rents.Our stores lose sales to our renting population, who pay more and
more rent. Landlords 1, Merchants 0. Do our merchants need this? |
“Neighborhoods will deteriorate”
Without rent control, our city’s
deterioration needs Building Inspectors to force landlords to fix
their buildings, not being paid to look the other way. Landlords without
rent control lack incentive:
they get higher rents without making repairs. |
“Rent Control Brings in the bad element”
Rent control stabilizes
neighborhoods. Tenants can form
a Neighborhood Watch. Without
rent control, crime has risen. Landlords can always evict problem
tenants, even under rent control. Rent controlled Beverly Hills, Palm
Springs, Santa Monica, and San Francisco have not invited the "bad
element" |
“Rent Control destroyed Santa Monica”
Did it really? In what way? Will the
landlords take us on a
tour of the destruction? No, because it's never
been true. If anything, State
imposed vacancy decontrol has removed
much of the affordable housing there. Landlords did that. |
“Landlords will go broke, lose life savings”
By our Constitution, rent
control must permit ALL expenses plus
a decent profit from rents. It
is beyond Blue Chip investment. Landlords in rent controlled California
cities have had 25 years to divest, but they haven’t. Why is that? |