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California is a limit to how much can the landlord increase the rent in the next ten years to fight the state, there is still a real estate crisis, which still has its homelessness epidemic.
Democratic Gov. Gavin Newsom signed the law on Tuesday in Oakland, a city that has seen a 43 percent increase in homelessness in recent years. President Trump stressed the Problem in the last month, to destroy say California cities more “self”-in addresses the homeless crisis.
“We have the people, the cars in our … the best car our best roads, the best additions to buildings … where people in these buildings pay enormous taxes, where they went to the places because of the prestige, the” Trump told reporters.
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Speak in Oakland to a crowd of housing advocates, Newsom said Trump “was not wrong to highlight a weak spot.”
In June, the Governor’s $empowered to build 2.4 billion in spending to tackle the national housing and homelessness crisis, including the millions of dollars under the stands. Affordable housing advocates have long the legislators urged to stock, make housing development easier to increase the state housing.
The law, signed by Newsom limits year-over-year rent increases by five percent plus inflation until Jan.1, up to the year 2030. Landlords are also denied if the tenant reins without a valid reason, a provision meant, evictions, just to increase the rent.
The law is not effective until Jan. 1, but subsequently apply for rent increases on or after the 15. March of this year, in order to prevent the landlord raising the rent, before the cap comes into force.
Democratic Congressman David Chiu, who authored the bill, estimates that the law applies to all 8 million of the 17 million tenants. Would it not be for housing built in the last 15 years, single family homes, except those in the possession of companies or real estate investment trusts, or those in rent-controlled units. Duplexes, where the owner lives in one of the units are also not affected by the new law.
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Russell Lowery, executive director of the California Rental Housing Association, said the law adds a further level of bureaucracy to the eviction process.
“It adds unnecessary costs to all the cottage vendors and makes it difficult to separate them, a relationship with a problem tenant,” he said.
Housing advocates are confident that the law promotes the further development in a state that is in urgent need of. Housing costs have become a major Problem in California, as many residents continue to price properties in desirable neighborhoods.
To move In Los Angeles County, the lack of affordable houses and apartments has encouraged people further away from the coast, in the desert East of the city. In the area of San Francisco, the median price for a house of 1.5 million is around$.
Last year, voters nationwide rent ballot measure, rejected. Los Angeles, San Francisco and Oakland already have some form of rent control, but a 1995 law prohibits new rent control policies.
Without the rent, the landlord in most cities in the state will increase the rent, as long as you announce.
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Bay area resident, Sasha Graham told The Associated Press, their rent went up 150 percent in 2014. She paid on time and in full, but was distributed anyway. She was homeless for the next three years, the goings-on between the houses of friends and strangers.
“Sometimes I lived with no lights, sometimes I’ve lived without water, depending on who I was living with [because] they were fighting,” she said. “Sometimes I had to go easy with my money in order to make a hotel room so that I could finish my homework.”
In June, officials in Los Angeles County announced that the homelessness had jumped 12 percent compared to the previous year, despite the $619 million euros in spending.
The Associated Press contributed to this report.