On Tuesday, the Los Angeles City Council voted unanimously to stop landlords from evicting tenants for no reason. This emergency measure will become l A law right away. L A Democrats were mad that a bunch of landlords were kicking too many tenants out under current no fault law. A new state law goes into effect in January. It requires landlords to have just cause in order to evict. California landlords will also have to obey new rent control rules.
Rent increases will be kept. However, California Democrats decide landlords were scrambling to make whatever changes they could while they still maintain control of their own properties. But we can't have that, so l A fast tracked their bill as a stop gap. A rent relief measure is also being drafted by l A Democrats that will prevent landlords from evicting deadbeat tenants, people who don't pay the rent. They say landlords are just greedy and they want to ouge
they're oppressed helpless tenants. If you put all this together, there's only one conclusion. If you own investment property in California, you may have worked hard to buy it. You may have worked very hard to maintain it. But it isn't your property. It belongs to the Democrat Party. You didn't build it. The state government City of Los Angeles owns it. You just occupy it. The tenants. They have all the power.
You have none. You have no voice, You have no property to call your own, except on the deed