Landlords see replay as LA tries to revive pandemic tenant rules
Briefly

Los Angeles City Council paused legislation aimed at restoring emergency tenant protections due to recent wildfires, although they did not dismiss it entirely. Tenants rallied for a year-long rent freeze and eviction moratorium for those financially impacted by the fires. However, landlords opposed these measures, arguing they disrupt the housing market. A motion to revise the bill was passed 10-3, allowing it to be reconsidered in the future. This push for protections follows reports of illegal rent price gouging, worsening the housing crisis for residents displaced by wildfires.
I wish every City Councilor would take Econ 101, said Palos Verdes Investments' Jerry Marcil. They always go in the wrong direction. It really messes up the business.
The idea to resurrect protections enacted during the city's 2020 lockdown comes amid widespread illegal price-gauging in the rental market that has embittered Angelenos as thousands look for long-term refuge from fire-ravaged neighborhoods.
Landlords, for their part, are incensed, and many showed up to say so during four hours of public comment.
The motion was amended during the proceedings to remove the rent-freeze clause before the council voted 10-3 to send the legislation back to the drawing board.
Read at therealdeal.com
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