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Daily News: Housing supply increases with end of rent control


As California voters prepare to head to the polls, they are faced with a decision that could have significant implications for the state’s future. The choice before them is stark: continue down a path of scarcity and misery or allow the market to work its magic.

Those advocating for letting the market work argue that this approach will lead to greater prosperity and abundance for all Californians. They believe that by removing bureaucratic barriers and allowing businesses to thrive, the state can unleash its full economic potential. This, they argue, will create more opportunities for job creation, innovation, and growth.

On the other hand, opponents of this approach warn that letting the market work could exacerbate income inequality, environmental degradation, and other social problems. They argue that government intervention is necessary to ensure that all Californians have access to basic needs and protections.

As voters weigh these competing arguments, they must also consider the evidence before them. California’s current economic situation is fraught with challenges, from high housing costs to a growing wealth gap. The state’s future prosperity hangs in the balance, and the decisions made at the ballot box will shape the course of that future.

Ultimately, the choice is up to the voters. Will they choose to embrace a market-driven approach and risk the consequences, or will they opt for a more interventionist stance to address the state’s pressing issues? The fate of California’s economy and society hangs in the balance as voters prepare to make their voices heard.

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