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To: karpov

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.


8 posted on 09/11/2019 6:31:53 PM PDT by Steven Scharf
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To: Steven Scharf
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.

The 8% is the CA government just getting their foot in the door, setting the precedent of government controlling rents.

Stricker limits will follow.

50 posted on 09/11/2019 7:36:02 PM PDT by FreeReign
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To: Steven Scharf

“That’s not much control. If inflation is 3%, then the rent can go up 8% per year.”

So, if I renovate a termite infested slum house with no roof that was renting for $100 a month, how much rent can I now get after spending $100k in repairs??


60 posted on 09/11/2019 7:53:11 PM PDT by DaxtonBrown
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To: Steven Scharf

Once the system is imposed, the numbers can be easily changed.


63 posted on 09/11/2019 8:04:57 PM PDT by PTBAA
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