L.A. can't solve the affordability crisis through rent-controlled landlords. More home construction faster, tenant protections and rental assistance can help.
Two things are true in Los Angeles. The rent is too damn high and landlords should be allowed to raise the rent. On Feb. 1, owners of rent-controlled properties in Los Angeles will be allowed to increase rents for the first time in nearly four years, ending a price freeze on rent-controlled units that the city adopted in the spring of 2020 to help struggling tenants during the upheaval of the COVID-19 pandemic. The rent freeze has served its purpose, and it’s time to end it.
During the pandemic emergency, then-Mayor Eric Garcetti had the power only to halt increases on properties built before October 1978, which are regulated by the city’s Rent Stabilization Ordinance. Landlords of newer units and single-family homes, however, were allowed to raise rents by 10% or more a year, depending on the property. L.A.’s pandemic state of emergency expired in February, along with the eviction moratorium. The rent freeze is slated to end in February.
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