The Santa Barbara City Council voted 4-3 last week to approve what it calls “rent stabilization.” Starting Jan. 1, rent increases on covered units will be capped at 60% of the Consumer Price Index or 3%, whichever is lower. The rent stabilization name is gentle. The policy is rent control, and the economics don’t change […]
Peter Rupert
Peter Rupert Ph.D. is an economics professor at UC Santa Barbara and the director of the UCSB Economic Forecast Project. The opinions expressed are his own.
