Take rent control, an idea that has strong local support in the 12 California cities where it is now law in some form. One bill by Democratic Assemblyman David Chiu, Wiener’s fellow San Franciscan, would prohibit rent gouging by limiting what it calls “extreme or unreasonable rent increases.” This one, moving steadily toward passage, would limit rent increases to the level of rises in the local Consumer Price Index, plus 5 percent, with the total annual increase capped at 10 percent regardless of what the CPI might do.
Read More: https://smmirror.com/2019/08/big-housing-action-imminent-despite-past-votes/