return2ozma@lemmy.world to News@lemmy.world · 8 months agoL.A. County wants to cap rent hikes at 3%. Landlords say that would push them to sellwww.latimes.comexternal-linkmessage-square196fedilinkarrow-up1666arrow-down112file-text
arrow-up1654arrow-down1external-linkL.A. County wants to cap rent hikes at 3%. Landlords say that would push them to sellwww.latimes.comreturn2ozma@lemmy.world to News@lemmy.world · 8 months agomessage-square196fedilinkfile-text
minus-squarewolfpack86@lemmy.worldlinkfedilinkarrow-up5arrow-down7·8 months agoOne of the issues is if material costs to maintain the property increase steeper than this cap. Though the solution is pretty practical – cap it at inflation.
minus-squarehalcyoncmdr@lemmy.worldlinkfedilinkEnglisharrow-up27·edit-28 months agoDon’t really care honestly, since the prices they’re charging now are nowhere near their operating costs as it is. They can take a hit to their profit. Or sell an “unprofitable” property.
One of the issues is if material costs to maintain the property increase steeper than this cap.
Though the solution is pretty practical – cap it at inflation.
Don’t really care honestly, since the prices they’re charging now are nowhere near their operating costs as it is.
They can take a hit to their profit. Or sell an “unprofitable” property.