California Could Adopt Rent Caps

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California could become the second state in the nation, after Oregon, to adopt statewide rent caps. The State Assembly passed AB 1482 on May 31st, after concessions were made to the California Association of Realtors. State lawmakers have been debating several rent control measures. This is the only one that survived, although just one rent control measure can be too much for a healthy rental market. www.NewsForInvestors.com

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