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California city approves rent stabilization after split votes, capping hikes at 3% or less
The plan would cap annual increases at 60% of the Consumer Price Index or 3% and uses $500,000 in startup funding.
Summary by thecooldown.com
3 Articles
3 Articles
Rent Stabilization Is Coming. We Must Get the Details Right.
Throughout my campaign for Santa Barbara City Council, I have supported a rent stabilization ordinance that protects renters, property rights, and the city. Details matter, and several important provisions in the rent stabilization ordinance must be fixed.
Peter Rupert: Santa Barbara City Council Forgot to Connect the Dots with ‘Rent Stabilization’
The Santa Barbara City Council voted 4-3 last week to approve what it calls “rent stabilization.” Starting Jan. 1, rent increases on covered units will be capped at 60% of the Consumer Price Index or 3%, whichever is lower. The rent stabilization name is gentle. The policy is rent control, and the economics don’t change […]
Coverage Details
Total News Sources3
Leaning Left2Leaning Right0Center1Last Updated67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 33%
Factuality
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