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.
cal may have the highest taxes but not property the rate its around 1.17% and varies slightly by county. Prop 13 started it at 1% of the appraised values from 1977. it has gone up less than 2% since then because the law limits the amount of increase, if you continue to own the property. By % cal is one of the lowest property tax states.