Rent Control - What Happens

[Jeff Willis]

Is anyone surprised?

Here’s the background: the state legislature passed AB 1482 to restrict rent increases to a maximum of 10-percent. The measure goes into effect January 1, 2020. While California renters probably breathed a sigh of relief, property owners, at least at Primrose, scrambled to raise their rents before the legislation becomes official law.

Tenants at the 26-unit Primrose, located north of the city limits on U.S. Hwy. 395, received notice their rent would nearly double in September; a month later, on October 15, they received eviction notices. Be out by December 14. Merry Christmas.

Here is the full article https://www.sierrawave.net/hou...

[Theresa Harris]

A 10%/yr increase is pretty significant.  Aside from turnover where a place is well below market value, how many people increase rent by more than 10%/yr?