ACTION Apartment Association - Reckless Bill to Repeal Limits on Rent-Control will make Housing Crisis Worse

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Reckless Bill to Repeal Limits on Rent-Control will make Housing Crisis Worse

Reckless Bill to Repeal Limits on Rent-Control will make Housing Crisis Worse

03/13/2017 8:24 AM | Margaret Fulton (Administrator)

Talking about repealing Vacancy Decontrol by itself, could reduce the supply of housing.

One of the more depressing tricks employed by people who favor more government control of everything is this: Put government controls on a business, which causes problems, and then use the problems as a justification for more government controls.

It's like trying to reverse a case of alcohol poisoning with a jug of moonshine.

Nowhere is the "here, drink this," cure more discouraging than in the housing market. Just recently, Assembly member Richard Bloom (D-Santa Monica) and two co-sponsors introduced AB 1506, a bill to repeal the Costa-Hawkins Rental Housing Act.