Let's not forget that there are numerous federal assisted housing grants and programs available to everyone, especially elderly on a fixed income. Thing is most people aren't aware of them cause it's not completely advertised, which sucks.
And those that do know of it tend to get confused as to how to go about applying for it, and you really can't blame them, cause the government never makes anything easy to understand.
Also, I don't think any and all rent control laws would be done away with in one shot by Prop 98 passing, so there would still be laws and regulations to maintain rent control, just not as strongly as now probably.
I do appreciate rent control, really I do. I also know that here in California, the rent prices are so out of control right now because of the housing situation, that even with property values dropping, most people can't afford the rent rates for more than a year, unless you're living in places like South Central Los Angeles, and even then, some people are finding it hard to make the rent.
But also, because most people can't afford the rents in most areas, landlords have one of several options: 1.) Keep rents at their current rates and have their properties left vacant for a considerable amount of time, which costs them money each month. 2.) Lower the rents to make them more competitive, and hopefully improve the chances of finding a tenant, even if it means you might take a loss each month, because taking a small loss is a lot better than taking a larger one, and you can declare it on your taxes and get a refund. 3.) Sell off their properties that they can't rent out, but due to the real estate values in California, they'll more than likely have to sell the properties off at a either the exact same price they either paid for or currently owe on the properties, if they were lucky enough for their properties to have maintained a decent value.
But I see the whole situation as this:
*Prop 98 passes, and some landlords manage to get rid of rent control after the leases of some of their tenants are up. They raise the rents, and the current tenants have to move out. Unfortunate, it is.
Prop 98 doesn't pass, rent controls remain in place, but the government eventually comes in, declares the property and the surrounding properties eminent domain, doesn't give a reason which it normally doesn't, takes the properties away, tears down the buildings, erects a mini-mall with another damned Starbucks and limited parking, and some public official has more petty cash. No need to worry about rent control, cause there's nothing left to control the rent for.*
Prop 99 really isn't strong enough to be truly enforced from the sounds of it. Good on paper, but so were the Articles Of Confederation, and those didn't last long after the British left.
If there was a prop that could be strongly enforced without all the other crap loaded into it, I'd vote for it in half a second.