Californians will be voting on Proposition 10, which would repeal the Costa-Hawkins Rental Housing Act, a law that keeps some properties free from rent control.
Rent control limits how much landlords can increase rent prices, and protects low-income and middle class renters from being tossed out on the street.
The opponents of Proposition 10 — private equity firms, such as the Blackstone Group that buys up apartment complexes — are trying to scare senior citizens with TV ads that claim their single-family homes are in danger.
Elena Popp, executive director of the Eviction Defense Network, explained the fear mongering campaign to Democracy Now:
What’s happening is this barrage of negative and false advertising targeting homeowners, telling them that they are going to lose the value of their home, when the proposition does not affect single-family homeowners.
There is not a single jurisdiction that has ever imposed rent control on single-family homes. And they’re also targeting seniors, saying that the proposition will make the housing crisis worse because it will deter development.
There has been rent control in Santa Monica, Beverly Hills, San Francisco. Cities that have had rent control since the ’70s have had rampant development. Developers will develop, and every single local law exempts new construction.
Get the latest breaking news video clips before everyone else with our newsletter! We do not share or sell your email address with anyone.