SDCTA Opposes National City Rent Control Initiative on November 6, 2018 Ballot
The measure would enable subsidization of a small number of individuals at the expense of the vast majority of the housing market. Rent control creates an immediate shortage for mandated low-price housing, encourages landlords to take their rental units off the market, does not incentivize property up-keeping therefore depreciating its value and that of the market, both stifles new construction and enables a takeover for redevelopment, and creates “shadow economies.” SDCTA believes that market place economics, not government controls and bureaucracy, should govern private rents.