3 ms·
> Landlords are very reluctant to lower rents, because with the statewide rent control that limits increases to 5% a year, we're incentivized to keep the rents
by notyourwork 6y ago
> Landlords are very reluctant to lower rents, because with the statewide rent control that limits increases to 5% a year, we're incentivized to keep the rents high and give months of free rent, just so our base rate doesn't drop.
How is it that Mission Bay apartments are not subject to these rent control regulations if this is state wide? Asking because when I lived in Mission Bay, UDR properties each year tried increasing my rent much higher than this.
- ejcx 6y agoMission Bay apartments were built after 1979 (or whatever the exact date is). It's all new construction, which isn't subject to rent control: https://www.sftu.org/rent-control/ https://www.sftu.org/rent-control/
- creddit 6y agoNot starting in 2019: https://la.curbed.com/2019/9/24/20868937/california-rent-control-law-bill-governor https://la.curbed.com/2019/9/24/20868937/california-rent-con...
- creddit 6y agoBuilding needs to be 15yrs old
- deleted 6y ago[deleted]
- jedberg 6y agoThe law just passed last year, mostly in response to exactly what happened to you. Also there are a lot of exemptions, one big one being that the building needs to be 15 years old to be subject to the law.
- BigCatStuff 6y agoStatewide rent control in California wasn't enacted until January 1, 2020 (with a retroactive period of several months I believe). So, if you rented before Jan 1, and your rental unit was built after 1979, it wasn't covered by any rent control. Landlords could raise rent as much as they wanted on those types of units.
- notyourwork 6y agoThanks for clarifying, I wasn't aware this is a recent change.