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I have owned income property in San Diego for over thirty years, so I have a direct interest in this. After looking at the details, this law looks OK for the p
by mark_l_watson 7y ago
I have owned income property in San Diego for over thirty years, so I have a direct interest in this.
After looking at the details, this law looks OK for the present but if we enter a period of hyper inflation then it is not so good. The 5% plus inflation might not be enough since the government jumps through hoops to underestimate the rate of inflation. If we have 75% inflation and the government admits to only 20% inflation (for a hypothetical argument), then landlords will be damaged financially. I believe that sometime the government will inflate its way out of debt.
- negrit 7y agoThe perfect way to do it would be to only match the rent increase by the property tax increase. If the landlord isn't getting any increase on property taxes then it's fair for the tenant to not get any rent increase.