Mixed bag. My experience as a property owner says nay. My experience as a renter says yay. The verbage of the law makes it so you can still make decent increases to keep up with market value though. It's not a terrible law. I like the no cause eviction payout for help to relocate better.
Nay While rent stays cheaper for the tenant, rent control can be a real problem. It doesn't motivate the owner to make proper repairs or upgrades. It makes other properties in the area not rent controlled sky rocket
The political goal, and unavoidable result, of rent control is to control the populace by forcing them to remain/become permanent renters rather than homeowners and landlords. The big banks become the state's/nation's landlords as individuals are financially forced out of owning properties.
The housing crash, housing boom and stagnant wages have done more for this than rent control. The average person is getting priced out of the market. Also corporations soaked up inventory after the crash. Rent control is a reaction to the problem not a cause.
you have no clue how the riverman rolls.....! wages need to meet the cost of living for those who have yet to figure out where they live though...I got mine long ago...
in any self respecting liberal utopia the tents would be in a circle surrounding the community garden and drum circle, duh!
Funnily enough, I voted nay for the same reason. Weird how people see a problem and attack it in different ways
