Los Angeles just changed rent control for the first time in 40 years and the ripple effects won’t stop at LA. A lot of headlines are celebrating the new 4% rent cap, but the long-term impact on California’s housing market is more complicated. Here’s the truth: Rent caps feel like protection, but they don’t create new housing. And without more homes being built, affordability gets worse for tenants, owners, and the entire rental ecosystem. Most experts agree the biggest drivers of homelessness ar
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