Oxnard’s rent control proposal would do more harm than good
maxghenis.substack.com
City Council should stop pretending we can solve our housing crisis without legalizing apartments. Tomorrow, Oxnard City Council will vote on a proposal to cap rent increases at 5% per year (nominal), sunsetting in 2030. I sent them this email. In October, I shared with you evidence on the harms of rent control. These studies, from institutions ranging from Harvard to CSUN to the California Legislative Analyst, indicate that tighter rent control would benefit some longtime Oxnard incumbents, but at a high cost to everyone else. The legislation you’re considering would raise housing costs for immigrants, reduce new construction, increase homelessness, lengthen commutes, exacerbate air pollution and climate change, worsen matches between where people live and where they want to live, and favor more affluent families in the rental market.
Oxnard’s rent control proposal would do more harm than good
Oxnard’s rent control proposal would do more…
Oxnard’s rent control proposal would do more harm than good
City Council should stop pretending we can solve our housing crisis without legalizing apartments. Tomorrow, Oxnard City Council will vote on a proposal to cap rent increases at 5% per year (nominal), sunsetting in 2030. I sent them this email. In October, I shared with you evidence on the harms of rent control. These studies, from institutions ranging from Harvard to CSUN to the California Legislative Analyst, indicate that tighter rent control would benefit some longtime Oxnard incumbents, but at a high cost to everyone else. The legislation you’re considering would raise housing costs for immigrants, reduce new construction, increase homelessness, lengthen commutes, exacerbate air pollution and climate change, worsen matches between where people live and where they want to live, and favor more affluent families in the rental market.