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News@lemmy.world · 7 months ago

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

www.latimes.com

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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 · 7 months ago

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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halcyoncmdr@lemmy.world
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7 months ago
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.

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