Epoch Times - California Renters Priced Out of Housing Due to Major Rent Increase
Aired: 2023-11-22
Duration: 00:42

[00:00:00]  California rents are up through the roof.
[00:00:02]  Some statistics say it's over 20%.
[00:00:04]  Anecdotally, what I've seen, some places the rents are up 30%.
[00:00:07]  We want to talk to you about this.
[00:00:08]  What are your thoughts on rent being up?
[00:00:10]  Number one, it's always been a supply and demand issue.
[00:00:13]  Since we started implementing all these regulations like rent control and Just cause eviction and right to counsel.
[00:00:20]  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.
[00:00:33]  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.