ilmscore | Prediction Details
"a lot of people are afraid to ever rent their properties because they're so terrified of getting a tenant in there and not being able to get them out or not being able to raise rents to even match their cost if they could even just submit receipts and saying this is how much my expenses have gone up I want to match this they're not able to and so for that reason a lot of them are choosing not to rent their property and instead sell it or just keep it empty"
By Graham Stephan | August 23, 2024 | Pending
From video
WTF Just Happened To California?! 00:13:19 - 00:13:40
Interpreted Prediction
Restrictive rent control in Santa Monica is causing landlords to fear renting their properties due to difficulties in removing tenants and inability to raise rents to match rising expenses. Consequently, many landlords are opting to sell or leave properties vacant.

Prediction Details

Topic
California Rent Control Impact

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