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In addition, the proposition would have prohibited rent control and similar measures. [ 2 ] Proposition 99 more narrowly prohibited "state and local governments from using eminent domain to acquire an owner-occupied residence [if the owner has occupied the residence for at least one year], as defined, for conveyance to a private person or ...
In the 1997 Kavanau case, [76] a rental property owner challenged the City of Santa Monica's rent control law as a form of "taking" or inverse condemnation prohibited by the federal Constitution. The California Supreme Court affirmed the rulings by lower state courts in favor of the city.
The homeowner vacancy rate was 2.3%; the rental vacancy rate was 9.8%. 34,442 people (55.8% of the population) lived in owner-occupied housing units and 26,348 people (42.7%) lived in rental housing units.
Rent prices increased by 27% from early 2020 to August 2022, and while they have ticked down since then, they remain challenging for many renters, especially those who are trying to save to buy a ...
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As of 2017, the company was reportedly the largest owner of single-family rental homes in the United States. [2] As of December 2022, the company owned about 83,000 rental homes in 16 markets. [3] The Wall Street Journal described Invitation Homes as competing "at the high end of the rental market". Tenants are typically in their late-30s with ...
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