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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This would driving down the cost of housing because of an increase in inventory. Sell them to whom? Other landlords? Or would it be workers?

I think I just found my latest political campaign

I'm guessing landlords would just property swap.

Buy, evict, rent at a higher price

Yes, other landlords that can get new tenants for more money. If the houses just change hands every year, there is no cap since everyone plays musical chairs