The highly regarded Haas Institute for a Fair and Inclusive Society at UC-Berkeley has released a telling new report that shows the passage of Proposition 10 is crucial for millions of Californians. The Berkeley study found that allowing local communities to create their own housing policy to limit excessive rents is critical for stabilizing California’s broken, unaffordable housing market.
The Berkeley study pointedly notes that California laws, including Costa-Hawkins, which Prop 10 will repeal, hinders “our collective ability to imagine and advance a future that is only possible through greater affordability for all.”
Prop 10’s limited scope of allowing local communities to urgently address their housing-affordability crises is desperately needed to rein in California’s skyrocketing rents.
“While California is faced with a range of housing issues that require us to pursue various policy goals, the goal of addressing the housing affordability and displacement crises facing overburdened renters must be prioritized,” Nicole Montojo, a Haas Institute housing analyst and co-author of the study, notes.
“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,” Stephen Barton, a former housing director for the City of Berkeley and co-author of the study, says.
The Berkeley study outlines the needed benefits and unique possibilities of rent control and allowing local communities to address exorbitant rents. Barton and Montojo note:
The in-depth research also underscores the need for California to focus on empowering local communities to shape and set the policy that directly impacts their residents. Key excerpts:
Read the full UC-Berkeley study.