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.
  • CableMonster@lemmy.ml
    0·
    5 months ago

    Sure there will be some building, but it will be greatly decreased to what it would. If anything the builders will just do spec homes or move out of the market. I actually moved from a state with a cap (Oregon), and most of the landlords (including myself) just sold off any residential real estate.