Professor estimates rent control would cost Pacifica $2M annually
An economics professor has concluded that a proposed rent control program in Pacifica could cost the city $2 million each year to implement.
Tom Means, a professor of economics at San Jose State University, shared this conclusion in an analysis of Measure C, the rent control proposal appearing on November’s ballot in Pacifica. Means, who serves on Mountain View’s newly formed Rental Housing Committee, prepared his report for the Coalition for Housing Equality.
“A more realistic budget for Measure C would fall between …