Voters rejected a measure Tuesday to replace the Costa-Hawkins Rental Housing Act, 59.3% to 40.7%.
Prior to the enactment of Costa-Hawkins in 1995, local governments were permitted to enact rent control, as long landlords were able to receive fair returns on their rental properties.
Proposition 21 would have allowed local governments to adopt rent control on housing units, except those that were first occupied within the last 15 years and those that are owned by persons who own no more than two housing units with separate titles.
These units include single-family homes, condos and some duplexes. They also include subdivided interests, such as stock cooperatives and community apartment projects.
Its to bad “Proposition 21 fails, rent control.” Specially when its needed so much in 2020-2021. With more people looking to become Homeless in 2021, this could have help a lot of people which many are College Students and some with Families.
Now the Big Question is, what are we going to do to keep people from being homeless and things to become 10xs worse in late 2020 and 2021?