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

322

cross-posted to:
usnews@lemy.lol

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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

322

cross-posted to:
usnews@lemy.lol

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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6 months ago
They can still do that through proxy buyers. If you go to enough auctions, it’s easy enough to pick them out.

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