Rent control transfers the benefits of an asset away from the owner - who risked her own capital - to the tenant. This is clear government overreach.
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Rent controls = Housing Shortages. Economics 101.
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Rent controls are most idiotic. I expect California to make them law within a week.
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California dreaming is becoming California nightmare, reminiscent of socialist past and decline. An unbalanced economy fueled by indentured immigrants in tech sector and illegal immigrants on service sector is simply not sustainable. All that is left - experiment a la Socialist.
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Rent control should begin from the buildings, President Trump is landlord.
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The last thing we need is for government to be the decision maker in how much landlords should charge for rent.
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They made their bed now they must lay in it. Hope the people of California wake up soon before it's too late.
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build 40 stores condos like those in China and there will no housing issues
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California, soon to be renamed to Mexifornia, will be outside (Mexico side) of Presidents Trumps wall.
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