return2ozma@lemmy.world to News@lemmy.world · 8 months agoL.A. County wants to cap rent hikes at 3%. Landlords say that would push them to sellwww.latimes.comexternal-linkmessage-square245fedilinkarrow-up1181arrow-down14file-text
arrow-up1177arrow-down1external-linkL.A. County wants to cap rent hikes at 3%. Landlords say that would push them to sellwww.latimes.comreturn2ozma@lemmy.world to News@lemmy.world · 8 months agomessage-square245fedilinkfile-text
minus-squarecan@sh.itjust.workslinkfedilinkarrow-up0·8 months agoNew units can still charge whatever they want.
minus-squareCableMonster@lemmy.mllinkfedilinkarrow-up0·8 months agoBut they still would not be able to keep up with inflation, and this would just be one more stone on a heap of other regulations that make it not worth building housing.
minus-squarehperrin@lemmy.worldlinkfedilinkarrow-up2·8 months agoMaybe the landlords would be willing to rent all the unused housing then.
minus-squareexplodicle@sh.itjust.workslinkfedilinkEnglisharrow-up1·8 months agoWouldn’t they just calculate the net present value of the average rental? Most people don’t rent at one place for long, and everybody dies eventually.
New units can still charge whatever they want.
Happy cake day. :)
Thank you! What a year it’s been.
But they still would not be able to keep up with inflation, and this would just be one more stone on a heap of other regulations that make it not worth building housing.
Maybe the landlords would be willing to rent all the unused housing then.
Wouldn’t they just calculate the net present value of the average rental? Most people don’t rent at one place for long, and everybody dies eventually.