Is it a stretch to say Prop. 10’s rent control is bad economics?

(Photo by Dean Musgrove, Los Angeles Daily News/SCNG)
Simply put, the economic concept of “elasticity” is in play with Prop. 10. This theory measures what a consumer may do when faced with changes in the price of a product or service. Or how far you’d rationally stretch your budget to buy something.

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#Prop10 #economic #HOMEOWNERS #LosAngeles #California #SanFrancisco #compass #realestate #realestateagent #bethanywpatten

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