San Diego County is one step away from a form of rent control for the first time in its history. A statewide measure that would limit yearly rent increases to 5 percent, plus inflation, passed the state Assembly on Wednesday and the state Senate earlier this week. It now goes to Gov. Gavin Newsom’s desk where he is expected to sign it into law. While the law is a big deal for all of California — becoming only the second state to have a statewide rent cap — it also could be a seismic change for San Diego. America’s Finest City is one of the few large cities in the state not to have any form of rent control, and the county also has no laws for stopping skyrocketing rents. If signed by Newsom, the law would go into effect Jan. 1. Story: https://www.sandiegouniontribune.com/business/real-estate/story/2019-09-11/statewide-rent-cap-appears-likely-to-become-law-would-be-a-first-for-san-diego
San Diego County is one step away from a form of rent control for the first time in its history.
A statewide measure that would limit yearly rent increases to 5 percent, plus inflation, passed the state Assembly on Wednesday and the state Senate earlier this week. It now goes to Gov. Gavin Newsom’s desk where he is expected to sign it into law.
While the law is a big deal for all of California — becoming only the second state to have a statewide rent cap — it also could be a seismic change for San Diego. America’s Finest City is one of the few large cities in the state not to have any form of rent control, and the county also has no laws for stopping skyrocketing rents.
If signed by Newsom, the law would go into effect Jan. 1.
Story: https://www.sandiegouniontribune.com/business/real-estate/story/2019-09-11/statewide-rent-cap-appears-likely-to-become-law-would-be-a-first-for-san-diego