L.A. County wants to cap rent hikes at 3%. Landlords say that would push them to sell

return2ozma@lemmy.world to News@lemmy.world – 844 points –
L.A. County wants to cap rent hikes at 3%. Landlords say that would push them to sell
latimes.com

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Why would you need a law to make someone sell to the highest bidder?

Because sometimes there's a tie

Or the landlord might just want to spite the tenant, or he might want to sell to a "new" buyer who turns out to be business partner/cohort/shell LLC/etc.