Excerpt (Full Article HERE) From Comstock’s Magazine:

Rent control discourages owners from maintaining and improving their property and discourages builders from building more housing units — and drives them to make investments elsewhere. Renters, like me, would be stuck in our old apartments with virtually no choices to move within Midtown or downtown. Construction sites would be deserted, and more buildings would fall into disrepair and decay.

Economists agree that rent control leads to a decline in the quantity and quality of housing. A 2017 study by Stanford University economists found that rent control in San Francisco actually led to an increase in overall rents as the supply of rental housing declined. If that happened here, many residents would be forced to move out of the area. Such an outcome could have a chilling effect on our local economy and the renaissance of our urban core — just as Sacramento is finally developing a vibrant cultural, food and music scene, and just as we are becoming a place where young people can build their lives in a desirable urban landscape.

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