Rent Control Measures Likely To Show Up On Voter Referendum Ballots In November

Although there are some substantial drawbacks to capitalism, like the indisputable fact that income inequality here in the United States keeps growing, with no conceivable end in sight, capitalism is thus far the best economic system the world has ever seen, at least on a widespread scale.

Some people believe that as few government restrictions as possible in any economy - libertarians typically think this way - is ideal, though the ever-increasing rents throughout the state of California, particularly in the San Francisco Bay Area, is proof that the Golden State's authorities likely need to step in and lower rents for the sake of preventing its long-term residents from getting effectively quasi-gentrified out of their neighborhoods.

According to recent news reports, an official ruling on what the government should do about rents in the state of California will most likely be sent to the state's resident voters in November 2018. though such a vote is half of one year from April 2018, at least the issue is being addressed at a somewhat-reasonable time, rather than continuing to let rents rise unnecessarily across one of the largest economies of the world - California.

The ACCE, or the Alliance of Californians for Community Empowerment, recently made public that it now has a sufficient number of local and state resident signatures for a vote on rent control to go for a public referendum, purely-democratic vote.

On Monday, April 23, 2018, at 12:00 p.m. Pacific Savings Time, the ACCE is slated to publicly protest against the existing restrictions on rent control at the Oakland City Hall. Further, two more protests are likely to bring in hundreds of protestors, if not even more, in both Sacramento and Los Angeles.

Rebecca Kaplan, a local Oakland Councilwoman, has shared to news sources that recalling restrictions on rent control measures would help lower-income individuals and households remain in the neighborhoods they've lived in for some time, rather than being "forced" out.

On the other side of the debate is people that oppose such economy-stifling measures, sharing that while they will, in fact, work in the interim, or perhaps over a few-year-long period, suc legislation will end up harming renters more than helping them in the long run.

An abundance of basic, two-bedroom apartments throughout the San Francisco Bay Area regularly rent for more than $5,000 each month, making the area the most expensive in all of the United States.