Comment by howsci on 08/11/2018 at 14:03 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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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.

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Comment by chasebr0ck928 at 08/11/2018 at 16:01 UTC

1 upvotes, 0 direct replies

Totally agree with you. Used to live in Venice until I got priced out and couldn’t afford living there even in a run down apartment. Let’s see what Gavin Newsom says he can do is true for the next two years