Quote:
Originally Posted by look 171
No rent control out your way. We voted against it, 2 months later our Gov Newsome, the azzhold, wrote that into law. Now the entire state is under rent control. As soon as the Prop. did not passed, city of LA and a bunch of others decided to have rent freeze within their cities. Can't raise rent period. It lifts as soon as rent control is signed into law. the smart owners raised rent as soon as they heard about the Prop. and jacked up rent to market rate. Some of these pro tenant groups lead many of the tenants to stop payment and protested at the owner's house. Its the law, what's not to understand?
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Yes. I have never owned a rental where there are rent controls. Seems very counterproductive (As to the poor or homeless)...as it likely keeps investors from buying rentals (providing housing for people that cannot afford to buy).
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