LA Times: A single law is devastating the affordability of housing in California. Repeal Costa-Hawkins

LA Times: A single law is devastating the affordability of housing in California. Repeal Costa-Hawkins
May 8, 2018 Joanna Rivas

A single law is devastating the affordability of housing in California. Repeal Costa-HawkinsReal estate speculation and price-gouging are driving Californians to impossible commutes, overcrowded housing, and into the streets. According to a 2014 UCLA study, California is the least affordable state and Los Angeles is the least affordable city for renters in the nation. A third of Angelenos spend more than half their income on rent. When housing costs are factored in, one in four of us lives in poverty. By voting for the Affordable Housing Act ballot measure this November, Californians can restore the rights of cities to use a powerful tool to stop this escalating crisis: rent control. At a time when shrinking state and federal budgets can’t provide enough government-subsidized housing to meet our needs, rent control doesn’t require government funding. It takes years to build subsidized homes and decades for market-rate ones to become affordable; rent control can be implemented immediately. By keeping rent increases reasonable and protecting tenants from eviction, rent control builds strong and stable communities.

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