What is the Rental Affordability Act? It’s the latest attempt by California lawmakers to end Costa Hawkins, the 1995 housing act, that places limits on rent control in California. With this new effort to “protect renters”, the Rental Affordability Act seeks to expand rent control in...
2020 is here and with it comes major changes for California’s rental market because we have new laws that have taken effect that will change the rental market in this state. For today’s blog post, we’re going to spotlight into the new 2020 rental laws and...
The battle over rent control has been raging in California for years and thanks to the recent passage of AB 1482, we’re seeing California become a pro-rent control state Even though rent control advocates tout the benefits that it offers tenants, the big question is what...
If you manage rental properties in California there are two proposed bills: (AB-330 and AB-1482) that could further erode your ability to run your small rental businesses in the Golden State. In this article, we will break down both bills and provide you with insight into...
For the first time in 10 years, Los Angeles residents who live in rent-controlled apartments will see slightly higher rent payments in the coming year thanks to a 4% rent increase. Rents will be increased in accordance with the Rent Stabilization Ordinance which allows rent increases...
Rent control in Southern California has been one of the most talked about issues of 2018 because just about every city in the state has made the effort to get rent control initiatives on their local ballots. At MW Real Estate Group, we’ve been following rent...
By MW Real Estate Group There’s no denying that rent control is one of the most contentious issues in California right now and efforts are currently underway to expand rent control across the state by repealing Costa Hawkins. What Is Costa Hawkins? Enacted in 1995, the Costa Hawkins...
The unavoidable unintended consequences of rent control In a small book entitled Economics in one Lesson, Henry Hazlitt gave perhaps the best explanation of the unintended consequences of rent control. Following the rigorous analysis he gives in this article, it is with a wry smile that...