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
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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I need the class of landlords removed from society.
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Where do you get housing from if you just want to rent?
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You wouldn’t, u less it’s something like barracks housing. You would end up getting equity in your investment that you could sell otherwise, rather than throw away money.
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Then who would be the owner?
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It sounds like they're saying the tenants would be, like a housing co op.
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How would they get ownership of the real estate they live in?
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That depends on if it's an ownership cooperative or a non-equity cooperative.
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Thats fine and is already available. Most people just dont want to live like this if they have the option.
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