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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So this money she used to buy real estate materialized out of thin air and nobody paid taxes on it?

Did she win it in a contest? Dig it out of the ground?