LOS ANGELES—Some renters in California face up to a 10 percent increase in rent starting Aug. 1.
That means a monthly increase of $200 to $300 on average for many renters in Southern California who are already paying some of the highest rates in the country.
The rental hikes are authorized by a statewide rent control and tenant protection law, Assembly Bill 1482, that was signed by the governor in October 2019.
The increase could add strain on renters who are already spending disproportionate amounts of their income on rent, according to Unai Montes, spokesman for Housing California, a homeless and affordability organization.
“From a housing perspective, we are very worried about those who are spending too much on housing; that just makes them vulnerable,” Montes told The Epoch Times….