My letter to the State Legislature:
Dear Assemblymembers,
Time is short so I will be brief.
Areas like Los Angeles and San Francisco have had established Rent Stabilization Ordinances for decades. Those rent control initiatives were meant to keep rent affordable and to reduce homelessness. Decades later, these areas are known for the highest rental rates and highest rates of homelessness in the country.
Facts are facts: rent control does the opposite of what it intends to do. It hurts housing providers. It hurts renters.
AB 1157, however well meaning it may be, will only contribute to the State’s housing problems not aid them.
I urge all of you to strongly OPPOSE AB 1157.
Thank you for your attention.
-Andres Segovia
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