McIntyre in the Morning: Capping Rent will not help the homeless crisis

Dan Yukelson, executive director of the Apartment Association of Greater Los Angeles, appearing on KABC-AM Talk Radio 790 explains telling property owners what they can charge for rent will do nothing to help the current homeless crisis.

 

 

“People have 3 basic needs: Healthcare, food and public housing. Out of the 3, the government in California has decided to dictate to people pricing who provide housing, rather than the government stepping in and providing vouchers and subsidies and various other things. The government has decided to blame small property owners like me for the homeless crisis. What this ordinance is going to do is put a lot of small property owner out of the rental business.”

He goes on to say the real problem is a housing shortage and the ordinance will hurt efforts to boost the supply.

Listen here: https://omny.fm/shows/mcintyre-in-the-morning-1/mcintyre-in-the-morning-9-12-18-7am