Rentchads all over Pasadena are rejoicing after rent control that rolls back prices to May 17, 2021 with annual caps takes effect.

https://spectrumnews1.com/ca/la-west...ay-in-pasadena

Rent rollback
Renters whose units were built before Feb. 1, 1995, that are not a condo or only unit on a lot can start paying the rent they were charged for that space on May 17, 2021, regardless of how much the rent may have increased since then. Landlords who want to increase rent from that May 17, 2021, level need to serve their tenants with a 30-day notice of the increase. For tenants who moved in before that date, landlords are restricted to a 6% rent increase. For tenants who moved in after that date, the allowed increase ranges from .5 to 5%, depending on the exact month they took occupancy.

Imagine renting or living in an apartment or condo God dam

RentChads getting 90% of their living expenses subsidized as usual.
HomeCels and LandCucks, when will they ever learn?

Jakes on them, with rent control enacted even small landlords are going to do the max increase every year now and developers will build less units moving forward, leading to even higher rents.

Rentcels aren't bright enough to understand second order effects, unfortunately

they still have eviction moratorium in SF and LA. I personally make over 300k and haven't paid rent to my landcuck (landlord) in over 3 years.