"California voters this month trounced a proposal to lift statewide restrictions on local rent control, signaling to other left-leaning states that similar caps on skyrocketing rents might be an uphill climb."
"I think it's actually more clear now than ever that rent control on a statewide level isn't something most Californians want... this is the third time it's failed, and I think that sends a strong message."
"Polls show about three-quarters of Americans believe housing affordability is a significant problem but California was the only state in the 2024 election cycle to put up a tenant protection measure for a statewide vote."
"The measure drew significant investment from both sides... backers of Proposition 33 raised nearly $48 million, while opponents raised almost $125 million. It failed by 61%-39%."
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