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.
Where do you get housing from if you just want to rent?
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.
Then who would be the owner?
It sounds like they're saying the tenants would be, like a housing co op.
How would they get ownership of the real estate they live in?
That depends on if it's an ownership cooperative or a non-equity cooperative.
Thats fine and is already available. Most people just dont want to live like this if they have the option.