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Los Angeles debates rent control reforms, proposing 3%–5% caps to ease affordability amid a 30% drop in new housing construction.
Los Angeles is debating reforms to its outdated rent control system, with proposed caps of 5% or 3% to ease affordability pressures, as tenant advocates push for stricter limits amid rising rents.
The current 10% cap, based on inflation and utilities, has not been updated since 1985 and applies to about 75% of apartments.
While city officials review analyses and public input, developers continue scaling back construction due to regulatory uncertainty, high costs, and a new property tax, leading to a 30% drop in new projects.
The debate underscores the city’s struggle to balance tenant protection with housing supply.
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Los Ángeles debate las reformas de control de alquileres, proponiendo límites de 3% a 5% para facilitar la asequibilidad en medio de una caída del 30% en la construcción de nuevas viviendas.