Legislators Weigh Rent Cap In California
Thursday, May 9, 2019
Photo by KPBS Staff
Can you imagine your landlord nearly doubling your rent?
It happened recently to residents of an apartment complex in City Heights forcing some to move out.
Now, there is legislation that would stop landlords from raising rent more than 10 percent in one year. Assemblyman David Chiu, D-San Francisco, authored AB1482.
Phillip Molnar covers residential real estate and has been following the bill for The San Diego Union-Tribune.
"Chiu said his bill has it roots in the state’s anti-price gouging law that prohibits raising the price of goods and services more than 10 percent after an emergency has been declared, typically a natural disaster. He said the state is undergoing a type of emergency now with record numbers of homeless and affordability issues," Molnar wrote.
Molnar joined Midday Edition to talk about why there is both support and opposition for this legislation.
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