L.A. County wants to cap rent hikes at 3%. Landlords say that would push them to sell
L.A. County wants to cap rent hikes at 3%. Landlords say that would push them to sell
www.latimes.com L.A. County wants to cap rent hikes at 3%. Landlords say that would push them to sell
A proposal to cap rent increases at 3% for many landlords in unincorporated L.A. County is meant to keep housing affordable for at-risk tenants.
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↑ supply or ↓ demand. As much as it frustrates politicians, these are the only true levers.
Of course, economists have successfully predicted 5 out of the last 3 recessions so who knows. Why don't you go ask Chat GPT.
So we should keep going after land with its perfectly inelastic supply, then.
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