Opinion: Matt Fleming: Rent control is the zombie that refuses to die
Like the zombie that refuses to die, rent control is back.Why are we doing this, you ask? That’s a good question.
The AIDS Healthcare Foundation spent around $60 million in 2018 and 2020 unsuccessfully trying to pass this thing and then another $8 million to get it on the ballot this time. There has to be better uses for $68 million than on losing efforts for bad, unpopular policy.It sounds like good policy when you say it aloud, right?Unfortunately, that’s as far as good vibes can carry it. It’s the poster child for counterproductive policy.
In short, this ballot measure would repeal the current system, passed decades ago, and strip away at least two very important protections.
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