It doesn't matter that the property tax increases in many municipalities are above that amount and costs for everything from building maintenance and services are above that. You're a landlord so must be rich and have to take the hit. Then the government complains there aren't enough rental properties being built.

That's the problem--competing definitions.

Once in place, then removing them can be catastrophic because the rent increases happen before the increased rents can drive demand for new units.

Then again, a lot of the current increases are due to demand + scarcity; some scarcity is imposed by nature, some by "nurture".

https://shelterforce.org/2018/03/28/rent-control-works/

This bill will only exacerbate the problem. Rent controls favor existing tenants to the detriment of everyone else. Less housing overall will be built.

The better solution would be to invest in bigger and better mass public transportation systems. Requiring 50 million people to rely on a car for their transportation is utter madness.

Better urban planning with better transportation systems would serve the people of California better.

This means old buildings will become a liability because of rent control. Much more incentive to tear down that classic old apartment building and replace it with generic stucco crap.

While I agree a cap is necessary (25% in LA County...which I think is too high), 5% is way too low.

Nor does this solve the problem. And no, I don't think faster mass transit is the silver bullet. Going from Bakersfield to LA, no matter how fast the train, is still going to take a long damn time. And yes, there are people who make that commute.

Instead, create the incentives to go into old suburban sprawl areas, buy and rip out the houses and put up high rise apartment buildings, condo's, etc.

Make six homes for six families into 30. Give tax credits for paying rent. Require land lords to report to the credit bureaus if you pay on time, boosting your credit, etc. Make it worth while for developers and tenants. Give tax breaks for companies that let its workers telecommute a minimum number of days. Right now, everything is designed to be extremely beneficial for the homeowner...even if they do have a two hour commute.

doctor, it hurts when I do THIS... doctor : OK, don't do that.

The solution is the opposite of suburban sprawl (with the freeways, traffic issues, wasted energy for transportation, etc)


build Urbmons... mile square buildings some 200 or more stories high... with all that we need INSIDE.

Much less land used, much less energy, possibly close to self sufficient, with plenty of living space.

Proposed by Robert Silverberg in the early 1970s in his novel "The World Inside"

https://en.wikipedia.org/wiki/The_World_Inside