3 ms·

When local rule kills the creation of new supply, it doesn't seem far fetched to cap rents to inflation + N%.

• coryrc 7y ago
  How about, if housing isn't allowed in an area, then rent and sales price isn't allowed to increase?
  • negrit 7y ago
    How about rent increase matches property tax increase + inflation. If a property owner isn't paying fair taxes on its property value then rent isn't getting increased as well.
    • pkaye 7y ago
      So assuming 2% inflation and maximum property tax rate increase of 2%, that would by 4%. Would a 4% increase be acceptable in your opinion?
      • negrit 7y ago
        In my opinion it's fair the have a rent increase if the property owner has a tax increase.
        • mjevans 7y ago
          I see what you're thinking; a tax rate increase to the current market rate, as if it weren't locked in by that one California law (IIRC Prop 30?).