Current accompaniment law, the Costa-Hawkins Rental Apartment Act, bans cities and counties from arty new rental amount restrictions on apartment congenital afterwards 1995 and on single-family homes. If a addressee moves out, landlords can adjudge how abundant to allegation the new bedfellow after restrictions.
Currently, 15 cities in California – including Los Angeles, Santa Monica and West Hollywood – accept some anatomy of hire ascendancy that complies with Costa-Hawkins.
Proposition 10 will change accompaniment law to let bounded jurisdictions appoint their own hire ascendancy policies.
Related: A Guide to the Propositions on the Nov. 6 Ballot in California, From the Gas Tax Repeal to Daylight Saving Time
Voting “yes” agency repealing accompaniment law and enabling hundreds of bounded jurisdictions to adjudge on their own hire ascendancy policies.
Voting “no” agency absolution angle accepted hire ascendancy behavior beneath accompaniment law.
Supporters – The AIDS Healthcare Foundation has contributed millions in abutment of Prop 10. The L.A. Times beat lath endorses the measure, adage anniversary burghal should be able to adjudge how to acknowledge to the apartment crisis on its own terms. Added than 9.5 actor Californians absorb added than 30 percent of their assets on rent, the Times reported, and rents accept risen badly in abounding areas of the accompaniment in contempo years.
Labor groups and the accompaniment Democratic Party abutment Prop 10.
Opponents – Apartment acreage owners are allotment the attack to defeat Prop 10. The beat lath for Southern California News Group argues accretion hire ascendancy will abash new development. The California Chamber of Commerce and the California Republican Party altercate the measure.
Many economists additionally altercate that if landlords can’t allegation at bazaar rate, they’ll booty backdrop off the rental bazaar (turning them into Airbnbs or condos instead) and appropriately accord to a rental apartment shortage.
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