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.
  • kent_ehEnglish
    8·
    16 days ago

    Because they’re over leveraged. They’ve purchased assets when rates were low and now that rates have gone up they haven’t factored this into their profit margins

    Nobody forced them to make risky business decisions.

    This is the consequences of their actions and shouldn’t be anyone else’s problem.

    • TrueStoryBob@lemmy.world
      5·
      16 days ago

      Nobody forced them to make risky business decisions.

      Exactly… you want to make a nearly risk free investment? Try a long term bank deposit or invest in government bonds.