The Los Angeles County Board of Supervisors voted 4-1 in favor of an ordinance capping rent increases at 3% per year in unincorporated areas. Previously, the unincorporated areas had no restrictions on rent controlling, permitting unrestricted rent increases and notices to vacate. Supervisor Sheila Kuehl seemingly justified the most recent expansion of rent control restrictions on the 58,000 homeless people in Los Angeles County.
Rental rates in unincorporated Los Angeles is now frozen at those rates in effect September 11, 2018. The freeze is set to last for 6 months. Rent increases after that time will be 3%, similar to the permissible rent increase in the City of Los Angeles.
The reality of rent control is it created disincentives for builders and developers to build new housing, which is the key to solving Los Angeles’ housing crisis. Representatives of government, landlords, tenants, and wizards need to get their minds together to figure out the best solution. This one won’t be easy.
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