There is a discussion on this. https://www.biggerpockets.com/forums/616/topics/596656-los-angeles-county-rent-control
Originally posted by @Jorge Barboza Jr. :
Figured I would share this since I just saw it. Any thoughts out there?
Los Angeles County Supervisors approve a Rent Increase Moratorium in Unincorporated LA County with a 4-1 vote on September 11, 2018
They're trying to pass more strict and worse rent controls and come down on local mom and pops. It leads crappier neghborhoods in disrepair and can even increase crime (see Freakonomics episodes on that)
Rent controls don't work rent control programs lead to abuse and poor property maintenance when there is no incentive to keep them up
With housing providers unable to base rents on actual costs, manyhttps://www.economist.com/the-economist-explains/2015/08/30/do-rent-controls-workThey're also spreading to Portland, San Francisco, Sacramento, Irvine, Los Angeles, Seattle, Boston and other cites
will be unable to properly maintain their buildings. Some will be COMPLETELY NEGLECTED and fall into DISREPAIR and abandonment
So if you own a home or are in any OC or LA neighborhood where they wish to increase rent controls please consider fighting it or writing to local city representatives!
This is a group of small property owners and workers fighting AGAINST Rent Control http://www.betterhousingforlongbeach.com/
I've been donating to them to fight it