Inflation has already hammered Angelenos at the gas pump and grocery store. Now it’s leading to double-digit rent hikes, even for some tenants covered by rent control.
For renters already struggling with rising costs, “this is not going to make matters easier,” he said.Each law calculates allowable rent increases slightly differently. But they all tie rent hikes to inflation.
Lower-income renters and seniors on fixed incomes will"have a really difficult time staying in their units, because these increases are at historic levels,” she said.were already spending more than 30% of their income on rent.Federal labor statistics show that since then, local wage gains have not kept up with inflation. That means many tenants could struggle to pay for large rent hikes without cutting back on other essentials like food, healthcare and fuel.
“My mom and I did discuss moving out,” Lopez said. “We used to have family that also lived in the same apartment complex, and most of them have also left.” “We ended with a bill that gave millions of California renters new protections against egregious rent increases and predatory evictions, but it was not a perfect bill,” Chiu said in an email. “I always hoped it would be a starting point on which the state and local governments could build.”
This strict approach has drawn protests from local landlords who say the cost of building maintenance such as plumbing work, electrical repairs and re-roofing has risen above the inflation rate.said the small landlords he works with in Southern California are “facing the same inflationary pressures as everybody else. The same cost at the supermarket. The same costs trying to get repairs done — in some ways more acute.
The move came over the objections of landlords who said the cost of property upkeep is rising more than 6%. Wes Wellman, a director of the, thinks a $140 monthly increase isn’t a big deal for most Santa Monica renters. It’s an approach that has withstood legal challenges over the years. But Phillips, the UCLA housing policy researcher, said when inflation outpaces wages, “it's going to bite especially hard” for renters.
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