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.
    • jaybone@lemmy.world
      1·
      2 years ago

      The downside is they’ll just be bought up by corporations who will be even shittier landlords.

  • xmunk@sh.itjust.works
    1·
    2 years ago

    They’d flood the market with properties shifting us along the supply curve to allow younger people to afford properties?

    Darn, that’d be so… awful? No, I was looking for awesome.

  • banana_lama@lemm.ee
    0·
    2 years ago

    If someone buys a home that was rented. Would the cap apply to them? Because this might result in a loophole

    • JonEFive@midwest.social
      0·
      2 years ago

      That’s a good question. But keep in mind that there are significant taxes associated with selling a home in most places that would dissuade landlords from trying to game the system that way. Then again, they’re just one more loophole from making that plan work.