Updated over 7 years ago on . Most recent reply
Long Beach, LA and OC Property Owners and Investors
Most of us are aware that Rent controls are a failed policy, reduces affordable housing and hurts the economy. It can also lead to abuse by tenants and neglect of properties by landlords, as there's no incentive to improve housing.
If anyone doesn't know yet there's a major push for rent controls in cities across California and even at the state level (AB1506 trying to spread it to SFRs and condominiums).
Currently, rent control might go to the ballot in Nov http://www.gazettes.com/news/government/long-beach...
There are also discussions in Inglewood, Santa Ana, Huntington Beach, and Orange County and other cities in Los Angeles, and Orange County. Hopefully, we can put a stop to it here before it spreads.
So to anyone who holds real estate, or plans to in the future, I highly recommend you join or donate to this group that is fighting for property owner rights. They're pro-affordable housing just against rent controls, gov control, and rent restrictions. I've owned in rent-controlled LA and it is terrible especially when a tenant abuses the system and knows what they're doing.
Better Housing For Long Beach "BH4LB"
http://www.BetterHousingForLongBeach.com
Sign up for their email list for LB rent control news.
They're to push for rent control and just cause eviction [essentially you cannot evict someone without a real reason not just the current 60-day notice].
Why Rent Control is bad for affordable housing:
http://www.grassrootinstitute.org/2016/09/rent-con...
http://www.gazettes.com/opinion/another_view/anoth...If you own anywhere in California this thing could spread, so it's best to stop it now in Long Beach.
Call your local representatives and city council and get the word out.