Business 8th Edition by Marianne Jennings

Exercise 29

In 1988, the voters of Escondido, California, approved Proposition K, an ordinance that set rents at their 1986 levels and prohibited increases without city council approval. John and Irene Yee own several mobile home parks in Escondido and have filed suit alleging that "the rent control law has had the effect of depriving [them] of all use and occupancy of [their] real property and granting to tenants the right to physically permanently occupy their land." Is the rent ordinance constitutional? [ Yee v City of Escondido, California, 503 U.S. 519(1992)]