The California state legislature is poised to pass AB 854. This bill would impose a five-year minimum requirement on any landlord to remain in business and renting to tenants no matter how much money they might lose doing so. Owners of rental properties would have to have been in business for at least five years at the property in question before they could begin to evict tenants.
https://www.msn.com/en-us/news/us/tw...edgdhp&pc=U531
If there was a reason to bail on rental properties, this is it. What California is going to see is a massive shortage of rental properties and those that remain being ones owned by large corporations that can navigate the byzantine labyrinth of regulations and laws California is imposing on landlords. It means renters are going to get screwed while the landlords can trample the state in court having better lawyers and the money to fight the state.
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