California sure can pick ’em.

Gavin Newsom is just a train wreck.

And what makes it worse is he thinks he’s doing a great job.

Democrats.

Could he be any more economically ignorant?

Asking for a friend.

Pradheep J. Shanker was good enough to try and ‘educate’ Gavin on why his new legislation is dumber than dumb.

Psh, as if Gavin understands ‘supply and demand’.

From the Wall Street Journal:

The rent cap could encourage landlords to increase rents up to the limit each year rather than respond to the market. Landowners might also decide it’s more profitable to convert buildings to condos, which would further limit the stock of rentals. The biggest harm so far has been to increase uncertainty for developers. Building permits in the first seven months this year have fallen 17% compared to 2018 despite an increase in state subsidies. The only other times permits have plunged by this much were during recessions.

They just don’t get it.

Shanker continued.

Another one.

Guess not.

NOT CAPPING THE RENT.

Gavin.

Ya’ nob.

What he said.

Yup.

And Gavin thinks this is a win.

Gotta love California.

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