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

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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