Supporters of Proposition 33 argue that repealing the Costa-Hawkins Act would provide local governments with essential tools to tackle the housing affordability crisis. They believe allowing localities to implement rent control on vacant units and newer constructions could alleviate some pressures on residents struggling with high rental costs.
Opponents of Proposition 33, however, warn that its passage may deter developers from building new housing units, which could exacerbate California's existing housing affordability crisis. They argue that limiting rent increases could lead to reduced investment in the housing market, ultimately disadvantaging those most in need.
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