Problems with LARSO
Problems with the RSO
Three Problems with LA’s RSO Annual Rent Increase Formula
The rent is already too damn high. Rent hikes increase the rent burden and cause overcrowding, evictions, and are the number one cause of homelessness.
As the city with the most renters in California, we deserve the best rent control.
Problems with the RSO
The 3% Minimum Allowable Rent Increase is too high.
For 20 of the past 30 years the 3% guaranteed minimum rent increase has been higher than the rate of inflation. Landlords insist that they need allowable rent increases to keep up with costs, but for a long time these increases have exceeded inflation and landlords have raked in extra profit at the expense of renters.
Because rent increases compound every year, housing prices have inflated far beyond what they would have if rent increases had matched CPI. The rent never goes down, only up. The result has created a compounding overpayment for our residents, and it disproportionately impacts long-term tenants.
Problems with the RSO
The 8% Maximum Rent Increase is way too high.
If an 8% increase is allowed to happen every year, then “stabilized” rent will double every 9 years.
With the 3% minimum increase every year, RSO rents will double about every 24 years.
How often will your wages double?
Problems with the RSO
Costa-Hawkins’ Vacancy Decontrol incentivizes gentrification.
Costa-Hawkins is a California state law that incentivizes landlords to harass existing tenants out of their rent stabilized units because it allows them to raise rents of vacant units up to market value, a practice known as “vacancy decontrol”.
Repeal of vacancy decontrol was on the statewide ballot as “Prop 33” in November 2024, but landlords spent millions to defeat the ballot measure.
Take Action
Council members are already hearing from landlords,
they need to hear from you, as a tenant, now more than ever!