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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Maybe housing shouldn't be an investment?

It shouldn't be - but ill tell you right now that no one will be a landlord unless they can make money from it, and people who move out of home at 18 won't have the money saved to buy straight away.

Make no mistake, I don't like the housing crisis and its causes either but I know rent caps isn't how we fix it long term.

Why do we need people to be landlords?

Housing coops and government-owned housing work out fine.

Yes they could - but they aren't being used.

Plus, you know, that's socialism or communism or something else people don't like for some reason.