Exactly
Oh my! Rental property crash coming?
Exactly.
So, like NYC, CA will have less, more expensive housing and even more homeless. Leftists always drive full speed in reverse toward the ditch.
The bill limits annual rent increases to 5 percent after inflation
Limits turn into guidelines......................
And... lot of houses going to be sold not rented now.
Socialists screw up everything they touch.
The bill limits annual rent increases to 5 percent after inflation
That’s not much control. If inflation is 3%, then the rent can go up 8% per year.
was unopposed by the states biggest landlords group.
Hey dummies, way to get investors and developers out of the rental market. That’ll help with the supply of housing, yeah, that’s the ticket.
Yup. No actual rental housing, but it’s so cheap!!!
Or maybe they will pass legislation forcing people to rent out their spare bedrooms?
When was the last time anyone built a straight rental unit in New York City, under rent control?
The rents in CA. are already so high what the hell, the horse is already out of the barn!! Problem here is supply and demand there have been SO MANY illegals in the state more than one family living in an apartment or home the costs for rentals are outrageous!! Get rid of the illegals and rents will plummet!!! A studio one room apartment where I am is $1300.00 a month then you have all of your utilities on top of that!!! Renting a room in someone elses home is $800.00-$900.00 a month!!! Can you imagine paying that to live in this bastion of liberalism, where you have to speak Spanish in order to get b in your normal everyday life!!!
So the communists just guaranteed that the rent on every dwelling in CA will go up 5% every year. You can be sure that the legislature will knock the 5% down to near nothing. Since the supply of rental units will stagnate, they will soon get the State into the housing business, with corrupt cronies siphoning off billions.
...because rent control has worked to ease housing shortages everywhere else it’s been tried, right?
**** crickets ****
It’s almost impossible to evict a tenant now. What fools.
They. Never. Learn.
Marxist-style controls; Marxist results to follow.
They want to control where and how you live, what you eat, where you work, how you get educated....everything.
No incentive to keep a rental property now. That’ll really fix the problem. Or not.