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Question:

My property is in the city of Los Angeles and is subject to rent control. I know that the rent increase for July 1, 2007 was 5%. Has the city decided what the increase will be for July 1, 2008?

Answer:

Yes they have. The City, in their ultimate wisdom, has decided to lower the rent increase to 3% effective July 1, 2008. This decision was made behind closed doors without any discussion from the apartment industry.

Author
~Dennis Block: Source

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