Maybe I should sell my house and go rent one?
Slo-mo train wreck onto an orphanage/explosives factory..
The heroic, tireless, exhausting efforts of Howard Jarvis are insulted because what causes rent increases are mainly ...
PROPERTY TAX INCREASES.
To know what happens next, one need only know how beautiful Santa Monica was lowered into hell when rent control was imposed in the 1970s while property taxes continued to climb leaving property managers without budget for upkeep. Bankruptcies ensued, failed plumbing, leaky roofs, electrical failures, paint flaking and peeling inviting graffiti, then rats and disease.
California has the highest taxes in the nation and the most greedy govt labor union in CALPERS.
Kalifornicating idiots. Whatever happened to the days when politicians were tarred and feathered.
The people that voted for these morons are beyond stupid. As we all know its all about abortion and nobody gives a sh*t about everything else.
You are going to see a whole bunch of residential rental property go on the market tomorrow.
Din’t [sic] this work our well for NYC - to this day even?
Welcome to Commufornia.
What could go wrong?
Start with LA Good luck. Liberal morons
LOL. Rent controls always help when there is a housing shortage.
Price controls to address a shortage caused by politically imposed structural obstacles. Truly mind-numbing stupidity. These people have learned nothing from the last 100 years.
Meanwhile, all California landlords are moving to Arizona.
When there’s no profit in real estate, there is no real estate.
There is not such thing as sanity in California
How did rent control work out in New York?
Atlas Shrugged in the making.
A veritable blitzkrieg of socialist legislation coming out of Sacramento these days.
I hope America is paying close attention to the lab experiment.
A Rent Control Proposition was put on the Ballot and it lost.
Who needs Elections?
P.S. California just voted down rent control (Prop 10) in November 2018. Why do we have Propositions if the legislature and courts just ignore them?
Never let a "crisis" go to waste, especially a government-created "crisis"!
The bill limits annual rent increases to 5 percent after inflation
And who is in charge of calculating the inflation rate? Oh yeah, the government. This is gonna work out well.