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San Jose plans to build over 6,000 rental units in 2019, a 283% increase from the number of units built last year. [25] The city has also recently passed a bill to subsidize the production of high rise buildings in the downtown area, although it is a controversial move that critics say will benefit developers but harm workers.
Tenant groups in San Francisco and Los Angeles claim that California landlords commonly misuse the Ellis Act "to bypass rent control" [23] [24] and to cash in during peak housing market periods [25] by managing rent-stabilized properties to vacancy, when they might demolish buildings to build pricey condominiums, retenant newly-vacated units at ...
With home and apartment rental costs soaring, four Democratic senators are calling for more scrutiny on Wall Street financiers snatching up rental homes. Reuters 3 months ago US new home sales ...
California housing costs are among the most unaffordable in the United States. In 2018, the median San Jose home cost 10 times the median household income; Los Angeles homes cost 9.5 times; San Francisco homes cost 8.9 times; San Diego homes cost 8.1 times. [10] California is the most expensive state to rent in, in the United States. [11]
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The Housing Accountability Act (HAA) is a California state law designed to promote infill development by speeding housing approvals. The Act was passed in 1982 in recognition that "the lack of housing, including emergency shelter, is a critical statewide problem," and has also been referred to as "the anti-NIMBY law."
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