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News@lemmy.world · 6 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 · 6 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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Hacksaw
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6 months ago
One more time for the slow people I guess:

Housing can’t be affordable AND a good investment. Investments have to grow above inflation. Affordable things CAN’T grow above inflation.

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