Pandemic rent control? Bay Area landlords lose their pricing power
https://www.siliconvalley.com/2020/10/18/pandemic-rent-control-bay-area-landlords-lose-their-pricing-power/
It took a virus, not political action, to prune the pricing power of California landlords.
The coronavirus has hammered the state economy, and the once rock-solid residential rental market has been especially hard hit. Data from the Consumer Price Index shows us that business limitations designed to slow the pandemic’s spread have dramatically changed consumer spending habits — just as California voters will weigh a rent-control measure Nov. 3.