As rents and home prices continue to skyrocket across California, a major ballot fight is brewing between tenants and the real estate industry over the state rent control law Costa Hawkins. The law prohibits cities from implementing rent control on single family homes as well as homes or apartments built after 1995 (or the year the city passed it’s rent control law, which, in Oakland, is 1983), resulting in 100% or more rent increases for tenants in these dwellings. The law also prohibits vacancy control, which means there are no regulations on how much landlords can charge new tenants moving in.
Tenants rights groups across the state have just submitted an initiative, which they expect to qualify for the November ballot, that will ask voters to repeal the law and return rent control policy making to local jurisdictions. While they have support from some landlord groups, they face opposition from real estate investors, developers, builders, and landlords who are opposed to the possibility of increased rent control.
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