As rents skyrocket, initiatives across the country have put rent control on the Nov. 8 ballot. While the real-estate industry has decried rent control as draconian, many Americans say it’s needed to keep them from being priced out of their homes.
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SAN FRANCISCO (AP) Liberty McCoy was out Saturday urging voters to pass a Nov. 8 ballot measure to limit rent increases in Pasadena because she’s afraid she’ll be priced out of the city where she grew up and where her aging parents live.
Supporters say rent control policies on the Nov. 8 ballot are the best short-term option to dampen rising rents and ensure vulnerable residents remain housed.