Xander's Profile

All this talk about having a "rent-controlled apartment" in Los Angeles as if it were different than a "market" apartment in Los Angeles makes no sense. All units in Los Angeles are rent controlled unless the unit is a single family dwelling on the same lot. So, if it is an "apartment", it is rent-controlled. The exhorbitant rents in Los Angeles for apartments are for apartments that are rent controlled.
The reason rents do go up so much is because renters are dropping the ball. They rent a unit for $1,500 and assume that after they've signed the lease and moved in, that's the legal rent. No, it isn't. It depends on the reason the previous tenant moved out.