California Governor Gavin Newsom last week signed into law new legislation that will place caps on rents throughout the state. The move that was warmly welcomed by tenant groups but others in the real estate industry say it could have negative long-term consequences. Under the new law, which takes effect in January, landlords will be
California realtors oppose new rent control measures
September 16, 2019 by
Californian lawmakers last Wednesday approved a bill that, if it comes into effect, would lead to rents being capped throughout the state. The move has since drawn widespread criticism from real estate industry professionals who worry it could have a negative impact on renters in the long term. The New York Times reports that many
