5 ms·

I'm sure this is being posted because California's state wide rent control is going into effect soon enough. Of course - my rent was just jacked up again. Got

I'm sure this is being posted because California's state wide rent control is going into effect soon enough. Of course - my rent was just jacked up again. Got the letter in the mail today. (Now paying about 22% more than two years ago) Landlord needed to get another 10%+ rent increase in before they're under rent control. Figured this would happen. Just sad to see it actually go through. So much for protecting existing renters...

firstplacelast 7y ago
I've been living in the same place for 3 years in CA, right on the beach. Have not had any rent increase in that time. It's probably a rarity, but pretty sure this will ensure mgmt raises prices to the max every year as they know they can't do large increases when they need it. So this will likely hurt many, many other renters. Not to mention makes it harder to move across town (they'll do massive rent increases every time a unit is vacant in anticipation of not being able to do it while you're there) and will hurt any newcomers to the state (ya know the same shit we like to bitch about Boomers doing).
elgenie 7y ago
Well, of course, because that's what the bill is forcing your landlord to do. If they, looking at housing starts and the economy and projecting out, think that there's a chance that there'll should be a 40% increase over five years, they now have to raise your rent to have a chance to get there and also know that the other landlords in the quasi-market that they're competing with will be doing the same.
pontifier 7y ago
Check the wording on the bill... I think that isn't actually allowed. I seem to remember that your rent in Jan 2020 must be lowered to what it was in March 2019. Edit: text from https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201920200AB1482 https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml... "...The bill would provide that these provisions apply to all rent increases occurring on or after March 15, 2019. The bill would provide that in the event that an owner increased the rent by more than the amount specified above between March 15, 2019, and January 1, 2020, the applicable rent on January 1, 2020, shall be the rent as of March 15, 2019, plus the maximum permissible increase, and the owner shall not be liable to the tenant for any corresponding rent overpayment..."
- bradlys 7y ago
  Interesting. This is in fact in there! https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201920200AB1482 https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml...

firstplacelast 7y ago

I've been living in the same place for 3 years in CA, right on the beach. Have not had any rent increase in that time. It's probably a rarity, but pretty sure this will ensure mgmt raises prices to the max every year as they know they can't do large increases when they need it. So this will likely hurt many, many other renters. Not to mention makes it harder to move across town (they'll do massive rent increases every time a unit is vacant in anticipation of not being able to do it while you're there) and will hurt any newcomers to the state (ya know the same shit we like to bitch about Boomers doing).

elgenie 7y ago

Well, of course, because that's what the bill is forcing your landlord to do. If they, looking at housing starts and the economy and projecting out, think that there's a chance that there'll should be a 40% increase over five years, they now have to raise your rent to have a chance to get there and also know that the other landlords in the quasi-market that they're competing with will be doing the same.

pontifier 7y ago

Check the wording on the bill... I think that isn't actually allowed. I seem to remember that your rent in Jan 2020 must be lowered to what it was in March 2019. Edit: text from https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201920200AB1482 https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml... "...The bill would provide that these provisions apply to all rent increases occurring on or after March 15, 2019. The bill would provide that in the event that an owner increased the rent by more than the amount specified above between March 15, 2019, and January 1, 2020, the applicable rent on January 1, 2020, shall be the rent as of March 15, 2019, plus the maximum permissible increase, and the owner shall not be liable to the tenant for any corresponding rent overpayment..."

bradlys 7y ago
Interesting. This is in fact in there! https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201920200AB1482 https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml...