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News@lemmy.world · 5 months ago

L.A. County wants to cap rent hikes at 3%. Landlords say that would push them to sell

www.latimes.com

cross-posted to:
usnews@lemy.lol

826

L.A. County wants to cap rent hikes at 3%. Landlords say that would push them to sell

www.latimes.com

return2ozma@lemmy.world to

News@lemmy.world · 5 months ago

cross-posted to:
usnews@lemy.lol

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.

Paywall removed: https://archive.is/MbQYG

Chat

CableMonster
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5 months ago
How would they get ownership of the real estate they live in?
- explodicle@sh.itjust.works
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  5 months ago
  That depends on if it’s an ownership cooperative or a non-equity cooperative.
  
  https://en.wikipedia.org/wiki/Housing_cooperative#Ownership
  - CableMonster
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    5 months ago
    Thats fine and is already available. Most people just dont want to live like this if they have the option.

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