2 ms·
Not in California, where the rent increases are limited in the vast majority of units (pretty much anything built before 2007) :) I agree that this has an abso
by whimsicalism 3y ago
Not in California, where the rent increases are limited in the vast majority of units (pretty much anything built before 2007) :)
I agree that this has an absolutely massive chilling effect on leasing & building, given that, reasoning from the past, any new development is almost certain to be subject to rent control within 20 years at most. I've never lived in a state nuts enough to have state-wide rent control before, it's interesting.
- seanmcdirmid 3y agoWell, they have property tax control as well so it isn’t surprising. But ya, rent control sucks in that it picks a few winners to the detriment of everyone else. Great for stability if you win it, but getting in is super hard. California still could stand to lose a few million people, maybe that’s their intention.