The Los Angeles City Council is considering changing the way it sets annual allowable increases for rent-controlled properties for the first time in nearly 40 years. That’s good. The law needs to do more to prevent price shocks for tenants during periods of high inflation while ensuring landlords can recoup the costs of managing their properties.
About 650,000 units in the city were built…
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https://www.latimes.com/opinion/story/2024-12-08/los-angeles-rent-stabilization-ordinance-increases
https://www.latimes.com/opinion/story/2024-12-08/los-angeles-rent-stabilization-ordinance-increases
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