California Renters Priced Out of Housing Due to Major Rent Increase

[CA4Now]

"Rent control has long been a tool to protect people from being priced out of their homes. But with California’s rents rising amid a hot real estate market, more cities are turning to the protections. This has won praise from tenant groups and opposition from apartment owners’ organizations, which have been critical of the Bell Gardens plan.

Last week, the Antioch City Council passed a similar rent control ordinance that caps annual rent increases in the Bay Area city at 60% of the CPI or 3% — whichever is less. On Aug. 1, Pomona’s City Council set a rent cap at 4% or the change in CPI.

Santa Ana adopted a rent control ordinance in November, limiting increases to 3% per year or 80% of the change in the CPI. The city of Oxnard capped rent increases at 4% per year in April. And in November, Pasadena residents will vote on their own rent control measure.

Some California landlords were allowed to bump their rent starting Aug. 1 by as much as 10%, the maximum annual increase under Assembly Bill 1482, a statewide law passed three years ago. But the 10% cap applies only to complexes built before 2007 and those not subjected to rent control restrictions, meaning that other landlords can raise their rents even higher..."

More California cities enact rent control to protect tenants, upsetting apartment owners:
https://www.latimes.com/california/s...rotect-tenants