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Updated over 7 years ago on . Most recent reply

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Winn Vu
  • CA
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Majority of Orange, San Diego county voters support rent control

Winn Vu
  • CA
Posted
Southern California Landlords, have you read this: http://www.ocregister.com/2017/09/20/majority-of-orange-san-diego-county-voters-support-rent-control-poll-says/

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Brian Ploszay
  • Investor
  • Chicago, IL
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Brian Ploszay
  • Investor
  • Chicago, IL
Replied

Probably won't happen.  Rent control actually leads to the exact opposite.  Housing becomes more scarce. Southern California does have a problem for affordable housing.  Or housing in general.

There is plenty of land in California, so why are things so expensive?   The answer is because there are too many barriers to build new product.   Most major cities in the world of this size has sizeable density housing.  Southern California is too spread out.   The zoning prohibits higher density housing, or there are too many requirements to make it viable.   Too many single family homes, not enough density housing.

There are quite a few people who are in my camp of thought.  Orange County, in particular, needs to build, not prohibit landlords from renting at market value.

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