3 ms·
Not sure about other cities, but in Los Angeles a "luxury housing unit" can be exempted from rent control (there's an application process) if it would otherwise
by k_sh 8y ago
Not sure about other cities, but in Los Angeles a "luxury housing unit" can be exempted from rent control (there's an application process) if it would otherwise be subject to it.
I imagine that a lot of the dilution has come from (re)developers labeling units as luxury and doing the bare minimum to qualify, specifically to avoid rent control.
- tunap 8y agoBlackstone is spending millions to retain such exemptions trying to block Prop 10 as we type No safeguards like those in Phoenix, it's still the wild, wild west of politics & regs here.