Posts Tagged: Proposition 10
The state Capitol in Sacramento. (Photo: Adonis Villanueva, via Shutterstock)
PPIC Survey: In the closing weeks of the fall campaign, Gavin Newsom holds an 11-point lead among likely voters in the governor’s race and Dianne Feinstein is ahead by 16 points in the U.S. Senate election. Two closely watched ballot measures—one to repeal the recent gas tax increase and another to expand local authority to enact rent control—are trailing.
Condos in San Francisco, which has a local rent control ordinance. (Photo: Stephen VanHorn, via Shutterstock)
What neither side predicted is that some California tenants faced a nightmare scenario before a single vote was cast. Rent was being increased at one building, the manager said, because “we’re facing rent control and more importantly, the likelihood of controls on increasing rent after vacancies.”
Housing construction at a new California neighborhood.(Photo: Marilyn Volan)
As California rents and property values continue to rise, it should come as no surprise that three housing-related measures will face voters on the November ballot, targeting veterans’ home loans, local rent control and housing construction for the homeless. Statewide, the average rent on a one-bedroom apartment is about $1,400, and a home costs $440,000 — far more than double the national average of $180,000.