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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You wouldn’t, u less it’s something like barracks housing. You would end up getting equity in your investment that you could sell otherwise, rather than throw away money.

Then who would be the owner?

It sounds like they're saying the tenants would be, like a housing co op.

How would they get ownership of the real estate they live in?