4 ms·
Not quite true. California passed statewide rent control at inflation + 5% in 2019. Now some have moved the goalposts and called that rent stabilization instead
by shuckles 6y ago
Not quite true. California passed statewide rent control at inflation + 5% in 2019. Now some have moved the goalposts and called that rent stabilization instead of control because it allow rents to increase.
New construction is exempt, though.
- nostrademons 6y agoI thought that was the difference between rent control and rent stabilization. https://www.apartmentguide.com/blog/rent-control-vs-rent-stabilization/ https://www.apartmentguide.com/blog/rent-control-vs-rent-sta... https://rentguidelinesboard.cityofnewyork.us/resources/faqs/rent-control/ https://rentguidelinesboard.cityofnewyork.us/resources/faqs/... Yep, those are the definitions. It looks like rent stabilization policies are frequently mis-termed "rent control", though.
- deleted 6y ago[deleted]
- shuckles 6y agoMy point is that the layperson doesn’t appreciate the difference.