Commentary
If you’re a renter you well could get hit with much higher rent—after already paying a lot more the past decade. The culprit is California rent control laws. That’s because rent control always backfires, constricting the rental market and in the end increasing prices for most people.
I’m a renter myself. So I’ll be looking harder, again, at heading out to Phoenix, where my relatives pay half what we do here.
The biggest culprit is Assembly Bill 1482 from 2019, inaccurately named the Tenant Protection Act. It allows rents to rise only 5 percent annually, plus the local rate of inflation. But there’s a cap of 10 percent….