Real estate expert talks about potential impact of rent control

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July 12, 2018

By ELIZABETH MARIE HIMCHAK

A statewide rent control initiative is headed to the Nov. 6 ballot. If passed, it would repeal a 1995 law that limits local governments’ ability to slow rent hikes.

If Proposition 10 — the “Local Rent Control Initiative” — is passed, local lawmakers would still have to approve rent control initiatives for cities like San Diego and Poway that do not have rent control laws in place.

It would repeal the Costa-Hawkins Rental Housing Act that generally bans caps on rent increases on all single-family homes and condos plus apartment buildings constructed after 1995. Its impact could be far reaching, according to Norm Miller who spoke with attendees at the June 26 Insights forum in Rancho Bernardo organized by the North San Diego Business Chamber.

Miller is the Ernest W. Hahn Chair of Real Estate Finance at the University of San Diego School of Business and affiliated with the Burnham-Moores Center for Real Estate.

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