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News@lemmy.world · 9 months ago

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

www.latimes.com

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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 · 9 months ago

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

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9 months ago
It’s not a “free” ride, it’s her life savings

The reason why she was involved with real estate is the beneficial tax treatment for capital gains when selling

The government encourages investment into real estate in the first place

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