@zmagg Congratulations!

@ranjit Thanks! I'm so excited about it.

@lahosken I think you're making a mistake here. Price controls always cause shortages. And local governments are notorious for making terrible choices on housing regulation. I don't even think local governments even have to nefariously intend for multifamily buildings to not pencil out -- they just have no idea what the actual costs of anything are.

Notice that your link mentions ways that rent control could be designed to reduce the impact on building -- but nothing in Prop 33 requires that it be designed this way, and in fact it rarely is.