Harmeet Dhillon Appears on Fox News’ ‘Ingraham Angle’ To Discuss California’s Housing Issues
According to Dhillon (Video Transcript):
Well, Laura, here in San Francisco, we’ve already had right in control, about 15 other cities have it as well, and here in San Francisco we already have a lot of landlords keeping their housing supply off the market as much as 10%. We also have incredibly expensive housing and really tight supply and a lot of abuses by tenants and tenant advocates. Now, we’re going to have that throughout in California. Now, the estimates are that we would have to quadruple the amount of housing starts in California for seven years in order to just catch up with the demand and stop the prices from going out of control. This new law is going to ensure that landlords and investors take their money and invest in other states, sell their properties, let their properties deteriorate, and otherwise send this problem in the other direction. It’s a disaster, Laura, and it makes no sense.
I mean, it keeps families in housing that isn’t theirs. And, I have an idea for you Ethan. The fact that we have rent control is not going to move those families in San Francisco and LA into apartments here. That’s nuts. The apartments are like $3,000 for one-bedroom apartment and that’s going to be the case regardless. What we have in California is laws like mandatory solar and new housing, we have restrictions that NIMBY (Not in My Backyard) groups are refused to allow housing near transportation, and as a result of that we have the 48th lowest in the nation ratio of housing to the demand. And none of that is going to be changed by rent control by confiscating people’s property effectively. What we need, and I agree with Ethan, we need to get rid of a lot of those regulations. But sadly, Laura, we’re nowhere near that. And, I want to add that…