L.A. County wants to cap rent hikes at 3%. Landlords say that would push them to sell - eviltoast
  • spoopy@lemmy.world
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    5 months ago

    It generally doesn’t though. People who rent aren’t suddenly going to be able to afford to buy. If you look at cities that do these policies, homeownership rates do go up, but the entire lower income community is basically evicted from the city. It’s basically accelerated gentrification.