Tenant demands that Marin Supervisors lower property values in unincorporated Marin (Marinwood)

David Schoenbraun, a self described "aging tenant" speaks at the housing workshop held at the Marin County Board of Supervisors on August 1, 2017.  The supervisors are considering sweeping regulations to limit rights of landlords to evict,  raise rents and will lower property values in unincorporated Marin County.  Mr. Schoenbraun thinks that only "bad landlords" will be affected and claims it is for the "public interest".

Rent control in Marin?

Supervisors consider rent control, other tenant protections as housing crisis reaches boil

Claudia Ramirez of San Rafael addresses the Marin Board of Supervisors as others wait to speak during a forum about affordable housing at the Civic Center in San Rafael on Tuesday, Dec. 15, 2015. (County of Marin photo)

By Richard Halstead, Marin Independent Journal

Marin county staff advised supervisors Tuesday that rent control has the potential to have the “most immediate and significant positive impact” toward preserving housing affordability in Marin.

County supervisors held their third in a series of informational workshops examining the affordable housing crisis gripping the county and exploring possible solutions. Nearly 200 people turned out for the 5 p.m. meeting at the Civic Center, and more than two dozen people, renters and landlords, provided comments.

Dave Coury of San Rafael chided the supervisors for not addressing the housing issue sooner. “I am a landlord and I feel we must have rent control,” Coury said. “We are in an emergency.”

Kiki La Porte urged the supervisors to “transcend politics and summon the leadership and vision to accept staff’s recommendation” on rent control.

Sue Tracy, a retired teacher living on a pension, said, “ We need to stabilize our rental rates in Marin County; if we don’t retired teachers like me won’t be able to live near our churches and friends.”

Wendi Kallins said, “Right now tenants really don’t have any rights. We have to do something.”

See Article in the Marin IJ HERE

The Rent Crisis Is About to Get a Lot Worse

Millions of households could join the ranks of those spending more than half their income on rent, Harvard study warns

How bad can rental affordability in the U.S. get? Even worse.

That's pretty bad.

The number of U.S. households that spend at least half their income on rent—the "severely cost-burdened," in the lingo of housing experts—could increase 25 percent to 14.8 million over the next decade. More than 1 million households headed by Hispanics and more than 1 million headed by the elderly could pass into those ranks. Households shouldn't spend more than 30 percent of income on housing, by the general rule of thumb.

The grim figures come from a report out today from Enterprise Community Partners, an affordable-housing nonprofit group, and Harvard’s Joint Center on Housing Studies. To reach their conclusions, the researchers considered various scenarios for wage and rent growth over the next decade.

Even in the best case posited by the report, with wages growing a full percentage point per year faster than rents, the number of severely-cost burdened households will barely fall, from 11.8 million in 2015 to 11.6 million in 2025. In the baseline scenario, where rents and wages (and inflation) increase at 2 percent each year, the researchers expect the number to reach 13.1 million.

There were 11.2 million severely burdened renter households in 2013, competing for 7.3 million units affordable to them, the report said. If rents continue to rise faster than wages, the number of households spending more than half their income on rent will rise, too. Wages grew 0.2 percent in the second quarter of this year, the slowest pacesince 1982.

“The economy alone is not going to solve this problem," said Andrew Jakabovics, senior director of research at Enterprise Community Partners, in a conference call to discuss the findings. "It brings us back to the need to expand affordable housing,”

The report didn’t break out the share of severely rent-burdened households by income, but the poorest Americans are more likely to spend at least half of their income on rent, according to a May report from the Furman Center that focused on renters in major cities. In New York and Los Angeles, among other cities, more than one-third of middle-income renters were severely rent-burdened.

New data from the Census Bureau last week showed that the percentage of U.S. households spending 30 percent of their income on housing was lower in 2014 than in any year since 2005. That's probably because of home buyers taking out new mortgages and homeowners refinancing existing loans at lower rates, housing economist Jed Kolko said. Renters don't have that option, and face an increasingly alarming future.