LOS ANGELES — UC Berkeley, UC Los Angeles and University of Southern California – three top California universities – released research which found that limiting skyrocketing rent increases will help stabilize California’s broken housing market.
Each report studied the immediate need and value of allowing communities to implement rent control policies to address their own local housing situations, a central tenet of Proposition 10. The independent analyses from leading housing, urban planning and economic experts each note that rent stabilization policies, which Prop 10 will empower communities to enact upon its passage, are a key step to solving California’s housing affordability and homelessness crises.
University of Southern California Professor Manuel Pastor, co-author of the USC Dornsife’s Rent Matters report, said: “The housing crisis requires a range of strategies, [and] moderate rent regulation is a useful tool to be nested in broader strategy. It has fewer damaging effects than are often imagined, it can address economic pain, and it can promote housing stability. And housing stability matters because it is associated with physical, social, and psychological well-being; higher educational achievement by the young; and benefits for people of color.”
The USC study recommends the need for rent stabilization, emphasizing that such policies do not increase the rent of non-regulated units, do not impact the construction of new housing and help keep rents more affordable for all.
This fall, the Haas Institute at UC Berkeley also found that rent control policies are critically important tools to stabilizing California’s housing market. Dr. Stephen Barton, a former housing director for the City of Berkeley and co-author of the research brief, noted: “When the housing market is as dysfunctional as it is in many parts of California, tenants are effectively subsidizing landlords with rent payments above what a fully competitive market would allow landlords to charge.”
The Luskin Center at UCLA also studied the history of rent control in Los Angeles, diving into the connection between the city’s current affordability challenges and unprecedented homeless crisis. Drawing on history, the report looks at housing affordability and compares today’s crisis to the rent increases of the 1970s, noting that then, people had “something to fall back on – job skills, small savings, or investments.” Today, wages are not keeping pace with rent increases, and the hardest hit are low-income renters who have no safety net and often end up on the streets. The UCLA report concludes that California must “[take] action to ensure the availability and affordability of rental housing for all income levels… and [allow] local governments to reassert themselves in stabilizing rents.”
Further, UC Berkeley’s Urban Displacement Project asserts that extreme rent hikes continually pose a serious threat of eviction and displacement to Bay Area residents. The policy report also outlines how local lawmakers would be able to implement thoughtful housing policy that would allow for new construction while limiting rent increases when Proposition 10 passes.
Contrary to the No on 10 campaign’s deceitful claims, top academics find that rent control would help bring needed relief to millions of Californians. California’s housing crisis is not sustainable as millions of Californians are rent-burdened and many pay over half of their monthly income on housing costs alone. Statewide, between 2000 and 2016, alone, rents have gone up 85 percent while incomes have failed to keep up.
Proposition 10 will directly address this challenge and help keep California residents in their homes and communities. When we empower cities and counties to rein in skyrocketing housing costs, the people who are the very foundation of our communities — our teachers, nurses, firefighters — can afford to stay and live in the neighborhoods they serve.
That’s why Prop 10 is endorsed by more than 500 trusted community leaders and organizations. U.S. Senator Bernie Sanders, the California Democratic Party, League of Women Voters, SEIU, and hundreds of others have pointed out how Prop 10 can help confront California’s high rate of homelessness and affordability crisis.
Reining in rents will boost local economies, cut down on traffic congestion due to long commutes, reduce car emissions, strengthen kids’ chance at success, and ultimately, make our communities more viable where all can thrive.
You may also like
Oakland News Now Recent Posts
- CHP Chase Ends With AC Transit Bus Crash Into Oakland Home October 16, 2021
- AC Transit plows into Oakland home after being hit by stolen car: CHP October 16, 2021
- Dusty Baker Compares Jose Altuve & Carlos Correa to Tom Brady & Rob Gronkowski After ALCS Game 1 Win October 16, 2021
- Pompsie Las Vegas Vlogger Gives Tour Of His $2000 Las Vegas Apartment October 16, 2021
- Mountain View Castro Street Closure Seen as Pandemic Perk October 16, 2021
- Smoke Effect Template | CSK Mass Status Black Screen Template | Luna Tech Tamil | New Templates October 16, 2021
- Red Sox vs Astros Game 1 Highlights | MLB 2021 October 16, 2021
- 41 Points in 30 Minutes?! Stephen Curry Got Buckets on Warriors Ground | Oct. 15, 2021 October 16, 2021
- Las Vegas Raiders: Will Greg Olson Play Calling Produce 1st Quarter Results? By Joseph Armendariz October 16, 2021
- Stephen Curry with an AMAZING Dribbling Move! | Oct. 15, 2021 vs. Trail Blazers October 15, 2021
- The Coverups @ The Uptown in Oakland, CA 9/30/18 “Ziggy Stardust” October 15, 2021
- The Coverups @ The Uptown in Oakland, CA 9/30/18 “Pretty In Pink” October 15, 2021
- The Coverups @ The Uptown in Oakland, CA 9/30/18 “American Girl” October 15, 2021
- 49ers Friday: Bye Week Special October 15, 2021
- Steph & Curtis’s Pregame Routine is BACK! | #shorts October 15, 2021
- Peralta College Board Unanimously Extends Chancellor Jannett Jackson’s Contract October 15, 2021
- Witness Claims Oakland Police Searching for Wrong Car in Road Rage Homicide October 15, 2021
- Las Vegas Raiders Will Greg Olson Be A Better Play Caller Then Jon Gruden? By Eric Pangilinan October 15, 2021
- Fentanyl Alert!!! Looks Like Chewing Gum by Derrick Soo October 15, 2021
- Video of suspect vehicle in Oakland road rage shooting that left teen dead October 15, 2021
- 245 Perkins St 34 Oakland, CA 94610 October 15, 2021
- Rotary Club of Oakland Civic Thursday Meeting, October 7th 2021. October 15, 2021
- Why I’m leaving Oakland, California. Pt.1 October 15, 2021
- Downs Oakland Sunday Service 10.17.21 October 15, 2021
- 5800 Nottingham Dr Oakland CA | Oakland Homes for Sale October 15, 2021
- Raiders Rumors Mailbag: Hire Jack Del Rio As Next Raiders Head Coach? Start Jimmy Morrissey? October 15, 2021
- San Francisco 49ers Rumors: Xavien Howard Trade? Nick Bosa, Deebo Samuel Contract Extension| Mailbag October 15, 2021
- Latest San Francisco 49ers News With Matt Maiocco October 15, 2021
- Dodgers vs. Giants NLDS Game 5 Highlights (10/14/21) | MLB Highlights October 15, 2021
- NFL News: Leaked Emails Link NFL Attorney Jeff Pash To Bruce Allen Cover Up By Joseph Armendariz October 15, 2021