Part 5/10:
The sentiment is that these regulations, combined with rising costs for maintenance, utilities, and construction, create a difficult environment for property owners. Some speculate that such policies are pushing landlords to sell their properties or convert rentals into other uses, further constricting housing availability.
Broader Legislative Trends and Rent Controls
California isn't alone in adopting policies perceived to restrict the rental market. Washington State, for instance, recently passed a law capping rent increases at 10% annually. While ostensibly designed to protect tenants from sudden spikes, these restrictions can send signals to investors that the state is less friendly to rental property investments.