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Statewide Rent Control In California Defeated

AB 1506, which would have repealed the “Costa-Hawkins Rental Housing Act of 1995”, was defeated. The bill to repeal never made it to the General Assembly after it failed to receive the required number of votes from the Housing and Community Development Committee.

This is considered a victory for small property owners since they would have had the government regulating and controlling rental rates.

If the rental rates continue to increase at the rate that they have been, then it is likely that we will see more attempts at rent control in the future.

Posted by: americanheritageproperties on February 7, 2018
Posted in: Uncategorized