Current Events > I hate this new rent increase law in California

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castrejon04
09/01/22 1:04:35 PM
#1:


https://www.latimes.com/california/newsletter/2022-07-21/the-big-rent-increase-coming-to-california-next-month-essential-california

Now we're going to get a rent increase every year now and up to 10% max? We are currently renting our apartment and our landlord raises our rent once every few years and only about $100-$150 more per month, but now we're going to get a rent increase every year? That's bullshit.


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Bad_Mojo
09/01/22 1:05:22 PM
#2:


Thats Capitalism for you

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WalkingLobsters
09/01/22 1:08:12 PM
#3:


Thats humanity for you

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Butterfiles
09/01/22 1:11:16 PM
#4:


Thank God my apartment is rent controlled. This kinda stuff is insane

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Bad_Mojo
09/01/22 1:11:37 PM
#5:


And a lot of people in this Country cant say anything because a lot of them only care about money as well. Why do millionaire YouTube creators still do ads? Why do they cover up bottles of water so those brands dont get free advertising? Selfish

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Lil_Bit83
09/01/22 2:37:34 PM
#6:


I thought we were supposed to have decreased rent and taxes? So much for that.

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TendoDRM
09/01/22 2:48:19 PM
#7:


The 10% allowable rent increase applies only to apartment complexes that were built before 2007

Good, I'm safe. Mine was built like 5 years ago.

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Axiom
09/01/22 2:53:39 PM
#8:


I think you're confused. The law caps it at 10%. The rent increase was coming regardless. Because that law is in effect it can only be a maximum of 10%. You should be thankful for the law. Other states have people increasing rent by 1000s

It also only applies to certain places built before 2007 and not already rent controlled
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Lonestar2000
09/01/22 3:07:54 PM
#9:


Fuck the for-profit rental market.

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theAteam
09/01/22 3:16:47 PM
#10:


This cap saves me. Instead of my rent going up $800 (current market rate for a new lease) it's "only" going up $300.

If they didn't have this law we'd be getting fucked hard on rent increases.

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