Nov. 22, 2023 - Epoch Times
00:42
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| Time | Text |
|---|---|
| California rents are up through the roof. | |
| Some statistics say it's over 20%. | |
| Anecdotally, what I've seen, some places the rents are up 30%. | |
| We want to talk to you about this. | |
| What are your thoughts on rent being up? | |
| Number one, it's always been a supply and demand issue. | |
| Since we started implementing all these regulations like rent control and Just cause eviction and right to counsel. | |
| The construction in the state of California has really stopped and the regulations have not only stifled more housing construction, but it's really forced a lot of people to want to get out of the business. | |
| The majority of apartment owners in the state of California, these people can't keep up with all these regulations and they're literally, they're selling their properties. |
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