Corporate Landlords Campaign Against Rent Control in California Cities

The California Apartment Association (CAA) is actively campaigning against rent control legislation proposed in various cities across California. The organization is reportedly working to defeat pro-rent control measures in three cities, including Redwood City. CAA has reportedly dropped $20,000 to oppose a specific measure in Redwood City alone. The group is also reportedly rolling out misinformation campaigns to confuse voters.

The corporate landlords, which the CAA represents, reportedly raised over $310 million to fund efforts to kill rent control measures. These organized campaigns are aimed at protecting the high profits derived from the current housing market structure. The outcome of these battles determines the regulatory environment for corporate real estate holdings in the state.