We explore rent control through key moments that shaped California and parts of Los Angeles County.
An oil crisis was going on, aiding a surge in inflation while economic growth was at a snail’s pace. This is when the term “stagflation” was coined . Among a number of other things that became more expensive, L.A. home prices were skyrocketing along with owners’ property tax bills.
Howard Jarvis and Paul Gann, co-sponsor of the measure, celebrating after Proposition 13 was declared a winner on June 6, 1978. “It should be an incentive to keep rents low, one would think,” Katz said. “But it hasn't worked out that way because property values continue to rise all over the city. [It helps landlords] because their taxes aren’t going up. So if their taxes are stable and their rents are allowed to increase all the time, then of course it helps them.”
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