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
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Just as long as they also cap property tax and insurance increases at 3%, I'd be fine with that. I had both more than double in price in 3 years.
Nah. Property tax is good. It pays for better community spaces and services. Better roads, local infrastructure, public transit, schools. It probably didn't go up very much if at all as a percentage of your property value. They likely just reassessed your property value and they've doubled since before COVID. It's completely normal for taxes to go up with property value.
Insurance etc.... yeah, a call would be nice
Property tax is alreadly locked in California.
Prop 13 is one of the main reasons i moved out of CA