Voice of San Diego: Rent Control Harms the People it is Intended to Help

According to Mark Powell, a member of the  board of directors for the San Diego Association of Realtors and a San Diego County Board of Education member, Prop 10 will disincentivize builders and strip private property rights in the San Diego area.

"In essence, Prop. 10 will strip away a significant layer of private property rights from homeowners in the San Diego area."

Powell says, "This new and unnecessary layer of bureaucracy will enable the government to dictate the dollar amount for which homeowners can rent their personal residences and how much they can increase their rent, and it will expand the terms on which a landlord can cancel a rental agreement. In essence, Prop. 10 will strip away a significant layer of private property rights from homeowners in the San Diego area."

He adds, "Repealing Costa-Hawkins might seem to be an easy and practical solution to combat high rents in San Diego, but it is a short-term fix that would only add to the housing shortage. As with most government-imposed short-term solutions, there will likely be unintended consequences that are worse than the problem they are attempting to fix. For instance, imposing rent control on a homeowner could result in properties falling into disrepair as landlords defer much-needed property maintenance due to a lack of sufficient income from their rentals."

Read his whole Op-Ed here.