The San Jose Mercury News said in an August 25 editorial that rent control is not the solution to our state’s housing crisis, and voters should say NO to Proposition 10 on the ballot this November. The paper agrees that rents are high but it calls rent control a “feel-good idea” that will do nothing to make housing more available and accessible for prospective tenants.
Lamenting how easy it it politically to demonize developers, the Mercury News instead calls for new construction. With so much demand, only new supply can meet it.
The problem is only getting worse: From 2007 to 2017, only 24.7 housing permits were filed for every 100 new residents in California — much lower than the U.S. average of 43.1 permits, according to Next 10, a non-partisan group that studies the state’s future. To increase supply, we must streamline the application process and control permitting costs to incentivize new construction. Instead, Proposition 10 would chase away developers.
The Mercury News’ position on rent control is just one of several newspapers statewide. They are looking into Proposition 10 and finding that it will do the exact opposite of what its supporters claim.
“In other words,” the Mercury News concluded about Proposition 10, “it would not fix the state’s housing crisis; it would exacerbate it.”
Vote NO on Proposition 10 this November!