Famed chef and proprietor of Brown Sugar Kitchen Tanya Holland

By • March 6th, 2014

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canada goose black friday sale SACRAMENTO, Calif. (AP) Californians soundly rejected a ballot measure Tuesday that would have allowed more rent control as a way to alleviate the state housing crisis. canada goose black friday sale

Canada Goose sale Proposition 10 was losing by a 30 point margin with more than 3.6 million votes counted. Canada Goose sale

canada goose uk black Canada Goose Outlet friday It was one of the most costly and contentious items on the ballot, attracting more than $100 million in campaign contributions. canada goose uk black friday

Opponents said the measure would have lowered real estate values and further decreased the state already limited housing supply by discouraging building. Supporters argued more rent control would protect low income people from being priced out of their homes.

The failure of the measure preserves restrictions limiting rent control on apartments built after 1995, single family canada goose homes and condominiums. It also preserves rules preventing Canada Goose sale cities and counties from telling landlords what they can charge new tenants.

Canada Goose Outlet The AIDS Healthcare Foundation, a Los Angeles based nonprofit known for backing controversial ballot measures, provided most of the money canada goose black friday sale supporting Proposition 10. The real estate industry funded the bulk of the opposition campaign. Canada Goose Outlet

canada goose clearance California has a disproportionately high rate of homelessness, and nearly a third of California renters spend more than half their income on rent, according to the state housing agency. canada goose clearance

canada goose coats on sale More than a dozen California cities including Los Angeles and San Francisco already have some rent control on properties built before 1995. canada goose coats on sale

The nonpartisan Legislative Analyst Office predicted the initiative would have lowered the value of rental properties. Economic research generally shows that rent control benefits some individual renters but it limits supply overall and raises rents because it decreases incentives to build.

canadian goose jacket Both candidates for governor opposed the initiative, along with the NAACP California conference and the California Chamber of Commerce. canadian goose jacket

Canada Goose Coats On Sale The lion share of funding for the $75 canada goose clearance sale million opposition campaign came from the real estate industry. The California Association of Realtors was the largest single donor, followed by Essex Property Trust and investment firm Blackstone. Canada Goose Coats On Sale

Canada Goose online Proposition 10 supporters included the state Democratic party, the California Teachers Association, and Vermont Sen. Bernie Sanders. The AIDS Healthcare Foundation contributed $23 million of the $25 million raised to pass the measure. This material may not be published, broadcast, rewritten or redistributed. Canada Goose online

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