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SEPTEMBER 2019: Why Should Anyone Be Surprised? Overregulation is Causing Rent Controlled Apartments to Drop Like Flies in LA!

via AAGLA

” A recent article by an online publication, “Curbed L.A.,” reported that rental housing providers in Los Angeles have filed applications to remove 657 rent-controlled apartment units under the Ellis Act. The Ellis Act is a 1985 California state law that allows landlords to evict residential tenants to “go out of the rental business” despite desires by local governments to compel them to continue providing rental housing…” Read More