Comment by chasebr0ck928 on 08/11/2018 at 01:41 UTC

2 upvotes, 1 direct replies (showing 1)

View submission: California Proposition 10: Local Rent Control expansion initiative was soundly defeated. What the hell? (I hate to say this, but this should be a no-brainer; It should be passed easily, considering the fact that the rent has been out of control. (ridiculously expensive))

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LA just passed a 120 day max to rent our rooms or apartments to non-residents. This should eliminate a lot of Airbnb’s in the long run. Santa Monica should do the same

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Comment by howsci at 08/11/2018 at 14:03 UTC

2 upvotes, 1 direct replies

The problem is not renting apartments to others. The problem is speculators buying up houses, remodeling them, and then sell them out -- all without renting them out to residents. This jacks up housing prices and creates an artificial shortage of housing.