Costa-Hawkins Rental Housing Act reform: Difference between revisions

 

 

A similar measure was proposed as legislative bill [[AB1506|AB 1506]], filed in 2017, but this failed to pass out of the housing committee in a vote on 11 January 2018.&nbsp;<br/> <br/> The [https://oag.ca.gov/system/files/initiatives/pdfs/17-0041%20(Affordable%20Housing)_0.pdf filing letter] contains text of proposed Act.&nbsp;<br/> &nbsp;

== References ==

 

*California Legislative Information. "[https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=201720180AB1506 AB-1506 Residential rent control: Costa-Hawkins Rental Housing Act]." (bill text, history, updates).&nbsp;[https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=201720180AB1506 https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=201720180AB1506].<br/> &nbsp;

*Chandler, Jenna. “[https://la.curbed.com/2017/10/23/16526384/costa-hawkins-rent-control-ballot-measure-initiative Tenant groups, AIDS Healthcare Foundation introduce initiative to repeal Costa Hawkins].”<br/> ''Curbed Los Angeles'', Oct 23, 2017. [https://la.curbed.com/2017/10/23/16526384/costa-hawkins-rent-control-ballot-measure-initiative https://la.curbed.com/2017/10/23/16526384/costa-hawkins-rent-control-ballot-measure-initiative].<br/> &nbsp;

*McFadden, Chuck. “[http://capitolweekly.net/rent-control-2018-ballot/ Rent control may roil 2018 ballot.]” ''Capitol Weekly.'' [http://capitolweekly.net/rent-control-2018-ballot/. http://capitolweekly.net/rent-control-2018-ballot/.&nbsp;]<br/> &nbsp;

*McFarlane, Alastair. “Rent stabilization and the long-run supply of housing.” Regional Science and Urban Economics, Volume 33, Issue 3, May 2003, Pages 305-333.&nbsp;DOI: 10.1016/S0166-0462(02)00031-5<br/> [https://doi.org/10.1016/S0166-0462(02)00031-5 https://doi.org/10.1016/S0166-0462(02)00031-5].<br/> ''"Abstract:&nbsp;<br/> This paper examines the impact of moderate rent controls on the construction and replacement of urban housing. It studies a common form of rent regulation that limits rent growth to below-market increases but permits landlords to set the base rent at free market levels and allows them to re-set rents when the incumbent tenant vacates, after which rents are re-controlled (‘vacancy decontrol–recontrol’). '''One of the primary insights is that neither the timing nor the density of construction is affected by rent stabilization when base rents are perfectly flexible. Allowing landlords to set the initial contract rent lets them capture the benefits to the renter of rent stabilization. Perfect capitalization of rent stabilization into a higher base rent provides the landlord with a free market rate of return and thus does not distort development activity.''' However, redevelopment of land will be hastened because rent stabilization complemented by vacancy decontrol–recontrol increases the difference between rents before and after redevelopment, increasing the opportunity costs of postponing redevelopment. Extensions include an analysis of other common rent regulations and the impact of rent stabilization on the urban rent gradient."''<br/> &nbsp;

*Murphy, Katy. “[https://www.mercurynews.com/2018/01/11/california-considers-repealing-rent-control-restrictions/ California considers repealing rent control restrictions.]” Mercury News. 11 January 2018. [https://www.mercurynews.com/2018/01/11/california-considers-repealing-rent-control-restrictions/. https://www.mercurynews.com/2018/01/11/california-considers-repealing-rent-control-restrictions/.&nbsp;]<br/> &nbsp;

*Murphy, Katy. “[https://www.mercurynews.com/2017/11/02/rent-control-policy-likely-fueled-the-gentrification-of-san-francisco-study-finds/ Rent-control policy `likely fueled the gentrification of San Francisco,’ study finds.]” The Mercury News, 2 November 2017. &nbsp;[https://www.mercurynews.com/2017/11/02/rent-control-policy-likely-fueled-the-gentrification-of-san-francisco-study-finds/ https://www.mercurynews.com/2017/11/02/rent-control-policy-likely-fueled-the-gentrification-of-san-francisco-study-finds/].<br/> ''(referring to [Diamond et al 2017]).&nbsp;''<br/> &nbsp;