This November, Californians will vote on a ballot proposal to repeal the Costa-Hawkins Rental Housing Act, known most commonly as simply “Costa-Hawkins.” The statewide law, enacted in 1995, limits rent control to buildings built before February of 1995 and prohibits municipalities from expanding rent control to include “vacancy control.” Vacancy control means taking away the right of landlords to increase the rents of vacant units to match market price.

So, repealing Costa-Hawkins would mean eliminating the current regulations on rent control, opening the door for city governments to impose their own rent regulations on newer buildings, and allowing for the possibility of vacancy control. This is a dangerous measure for several reasons; repealing Costa-Hawkins would prove harmful not only to property owners but to California’s economy as a whole.

Read More:  https://www.forbes.com/sites/forbesrealestatecouncil/2018/07/13/repealing-costa-hawkins-can-only-make-things-worse-for-california-residents/#1045eed16767