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【World Property Journal】California Realtors Not Happy with State's Passage of New Rent Cap Bill

【World Property Journal】California Realtors Not Happy with State's Passage of New Rent Cap Bill

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With the passage of California's Assembly Bill 1482 this week, California's Realtors issued the following statement of from State's Association president Jared Martin:
"The California Association of Realtors is disappointed by the passage of Assembly Bill 1482, which moves California toward statewide rent control. Throughout the debate, Realtors, advocated for a balanced solution that protected renters and respected the rights of property owners. While several of our recommendations were included in AB 1482, including the exemption of single-family homes and condominiums, the final bill did not do enough to increase the supply of affordable rental housing. Even legislators who voted yes did so acknowledging its shortcomings.

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