Proposition 10 will make California’s housing crisis worse.
This flawed measure is the wrong way to provide more housing that working Californians can afford. We should focus on better solutions for providing rent relief to Californians than this initiative, including increasing tax credits for renters, passing new bonds to provide public funding for affordable housing construction, and requiring developers and cities to build more affordable housing across the state.
Proposition 10 is the wrong solution for a state that desperately needs to create more affordable housing for middle class families. We should vote NO on Prop 10.
Prop 10 Opens the Door for Extreme Forms of Rent Control and New Limits on Single-Family Homes
- Prop 10 would allow for permanent caps on what landlords can charge for rent – even after a tenant moves out.
- This extreme form of rent control would not just be limited to apartments – it could also be applied to single-family homes.
- The way Prop 10 is drafted, regulators could tell homeowners how much they can charge to rent out even one room in their home. It could limit the price of renting a single-family home forever.
- These changes will reduce home values for middle-class families at a time when many homeowners are counting on their homes to help finance their retirement.
- Prop 10 will allow bureaucrats and politicians to decide what they think is fair market value for every rental unit in the state. It gives them the power to significantly change the cost and availability of local housing – with no requirement that they listen to public input or hold a public vote.
Prop 10 Will Make It Harder for Renters to Find Available Housing
- Prop 10 will reduce the overall amount of middle-class and affordable housing in California and raise rents for everyone.
- The state’s nonpartisan Legislative Analyst has said that passage of Prop 10 would both discourage new construction and result in existing units being taken off the market, reducing the amount of rental housing currently available and making our housing crisis worse.
- Prop 10 does nothing to protect affordable housing. In fact, by making the construction of affordable housing more difficult, Prop 10 could hurt veterans, the elderly and low-income families – the people who need the most help with finding affordable housing.
- Prop 10 will do exactly the opposite of what it promises – instead of helping people, it will result in less housing and higher costs. Independent academic experts from Stanford and UC Berkeley agree this initiative will reduce construction of affordable and middle-class housing when we need it most.
Prop 10 Will Cost Taxpayers Hundreds of Millions of Dollars per Year, Reducing Revenues Available for Education and Public Safety
- The state’s nonpartisan Legislative Analyst’s Office has said Prop 10 will reduce the value of rental properties and single-family homes, driving down local property tax revenues by up to hundreds of millions of dollars per year – and reducing the funding available for vital services like schools, public safety, road repairs, and fire safety.