Who benefits and loses from state-wide rent control?

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A "no vacancy" sign in Palms, Los Angeles. It's tough finding affordable housing in LA. Photo by Amy Ta.

The state legislature has passed Assembly Bill 1482, which would cap rent increases for many buildings across the state at 5% annually. Governor Gavin Newsom said he will sign it. We discuss the pros and cons of this legislation.

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Jarrett Hill