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News@lemmy.world · 5 months ago

L.A. County wants to cap rent hikes at 3%. Landlords say that would push them to sell

www.latimes.com

cross-posted to:
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L.A. County wants to cap rent hikes at 3%. Landlords say that would push them to sell

www.latimes.com

return2ozma@lemmy.world to

News@lemmy.world · 5 months ago

cross-posted to:
[email protected]

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.

Paywall removed: https://archive.is/MbQYG

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5 months ago
Wouldn’t they just calculate the net present value of the average rental? Most people don’t rent at one place for long, and everybody dies eventually.

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