It’s official; the state legislature is pursuing statewide rent control.
This comes as no surprise since Governor Gavin Newsom, at his “State of the State Address” in February, in front of his colleagues and cameras, announced, “bring me a good bill on rent stabilization, and I will sign it”. What will it look like? I think the statewide rent control recently passed by the State of Oregon provides a good indicator. Here are the details of their new law: