Los Angeles County Rent Control

[Brendon Woirhaye]

As many of you know, Proposition 10 is on the ballot for November, and if passed, it would repeal Costa-Hawkins which significantly prevents individual cities from imposing rent control.  It is shaping up to be a major battle over the next couple of months.

For those in Los Angeles County, there are other attempts at rent control in motion as well.  The LAC Board of Supervisors was slated to vote on a motion on a "temporary" 3% annual increase.  As of this morning, the vote has been postponed to a future meeting, but it is important for those concerned about this issue to contact the supervisors in the districts where they own property to make their opinions known.

[Joseph M.]

Originally posted by @Shiva Bhaskar:

Thank you all for discussing this. I think every single one of us should be concerned about this, and let people know what is going on. This is not just a battle that the big multifamily owners here in LA will have to fight - if anything, those folks are better poised to weather the storm. The heat will come down on the single family investors, especially in areas like Hawthorne, Inglewood, Long Beach etc.

I don't like to do politics on here, but we all know that promising voters something (like lower rental costs) will get votes, even if it is not the reality of the situation. I lived in NYC from 2011 to 2016, with plenty of rent control everywhere, and it remains the most expensive market in the country, with vacancy rates very low. But the supporters of this measure won't mention that. 

 Yeah that is true. L.A is home to a lot of mom and pop landlords. I've noticed the same thing in the minimum wage debate too...a lot of people talking about multinational companies but it's the small 'mom and pop' businesses that will be affected. They can't afford the automation. 

What i've seen in L.A is the mayor and local politicians are constantly promises "affordable housing...coming soon" ...it's the carrot they use to get people to vote for them...even though they know getting one of those affordable units will be like winning a lottery just as it always has been. False promises. 

Disappointing for sure how things are being run here. Bad policies left and right.