L.A. County wants to cap rent hikes at 3%. Landlords say that would push them to sell
rc_buggy @ rc_buggy @sh.itjust.works Posts 0Comments 21Joined 1 yr. ago
rc_buggy @ rc_buggy @sh.itjust.works
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Costs rising more than 3% a year. Since it's California I'd imagine the insurance is going up much faster than 3% of total ownership costs. If small landlords cannot stay in the black because they can't afford the insurance with capped rent increases they will sell to the entities that can afford to self-insure. Corporations like BlackRock