Proposition 21 would change state law to allow local governments the freedom to impose rent control on rental properties that are 15 years of age or older. Whether you like rent control or not, should local governments be free to make their own decisions?
Home ownership rates are at their lowest level in over 70 years and more Californians are renting than ever before. One of the advantages of home ownership is that you have a predictable mortgage payment year after year. Is rent control the solution for renters to have something similar? This is what the League does best: analyzes confusing propositions to promote well-informed voters. We will have two great speakers to help us understand all of the details and ramifications of this proposition.
Susie Shannon is a Commissioner and former president of the Health Commission of the City of Los Angeles. She is a policy expert on homelessness and housing issues. She currently serves as the Policy Director for the Yes on Proposition 21 campaign.
Alan Nevin, Director of Economic and Market Research at Xpera Group, will recommend a “No” vote on this prop. Alan holds a Masters degree in Statistics and Research from Stanford and has an extensive background in real estate economics, lending and market analysis. He is the co-founder of firms that bought, built, rehabbed and operated more than three dozen residential and commercial projects in San Diego County.