A proposal to cap rent increases at 3% for many landlords in unincorporated L.A. County is meant to keep housing affordable for at-risk tenants.
  • @[email protected]
    2•29 days ago

    ↑ supply or ↓ demand. As much as it frustrates politicians, these are the only true levers.

    Of course, economists have successfully predicted 5 out of the last 3 recessions so who knows. Why don’t you go ask Chat GPT.

    • @explodicleEnglish
      2•28 days ago

      So we should keep going after land with its perfectly inelastic supply, then.