Californians rejected a rent control ballot measure that inspired more than $150 million in campaign spending and laid bare competing visions of how to respond to the state’s housing crisis.
Proposition 33, which 62% of voters opposed, would have given cities more freedom to limit how much landlords can raise rent.
Opponents — including landlords, realtors and some YIMBY groups — had argued Prop. 33 would have reduced incentives to build new housing at a time when the state desperately needs it. They also warned that cities such as Huntington Beach that have resisted building affordable housing would intentionally use Prop. 33 to set rent caps so low that they make development impossible.
Source: https://calmatters.org/politics/2024/11/california-election-results-prop-33-rent-control/
