Rent control would not fix L.A.’s affordable housing crisis, but it would help long-time renters in neighborhoods that are suddenly desirable in the eyes of investors.
Co-published by International Business Times
In California’s recent legislative “grand compromise” of an affordable housing package, developers got subsidies for building and a streamlined path to construction. It’s hard to see what they gave up in the exchange.
Co-published by The American Prospect
California’s red-hot housing market has made renters vulnerable to rapidly increasing rents that they struggle to pay, or to evictions implemented by landlords who want to raise the rent on new tenants.