Measure V Contains No Provisions for Means Testing or Income Qualifications
All federal, state and local government (and non-profit) housing programs are built around those most in need of financial assistance - not Measure V.
Measure V is not based on financial need or income. If Measure V passes, working professionals with good salaries and wealthy retirees will enjoy the same below-market rent increases as a senior on a fixed income or a single mom with kids.
A lifetime of housing subsidies regardless of need under Measure V.
"The conclusion seems to be that rent stabilization doesn’t do a good job of protecting its intended beneficiaries—poor or vulnerable renters—because the targeting of the benefits is very haphazard. A study of rent stabilization in Cambridge, for example, concluded that “the poor, the elderly, and families—the three major groups targeted for benefits of rent control—were no more likely to be found in controlled than uncontrolled units.” And, as noted earlier, those in uncontrolled units tend to pay higher rents, so they are actually hurt by rent control."
Excerpt from Is Rent Control Good Policy? by Peter A Tatian, Urban Wire 2013
Rent Control can often result in much higher rent prices because parkowners are constitutionally entitled to a just and fair rate of return on their investment.
Measure V allows for the risk of unusually high rent increases.
Measure V also levies a mandatory rent control administration fee on all mobilehome park residents which constitutes a second monthly rate increase.