October 26, 2021

A Renters’ Market:’ Power Shifts From Landlords to Tenants With Evictions Off the Table in California

“AB 828 if passed would mandate that landlords must cut rents by 25%. That would bankrupt most property owners. It would also devalue the property, meaning lower property tax revenues. We are also seeing a movement to have a moratorium on rent and foreclosures, for up to a year. That would completely devalue property, could collapse banks not getting mortgage payments and create a government caused Depression that would last for years. Who would trust property ownership if that happened?”

A Renters’ Market:’ Power Shifts From Landlords to Tenants With Evictions Off the Table in California