§ 1805
- Citation
- § 1805
- Parent Document
- Bisno v. Santa Monica Rent Control Board, 30 Cal. Rptr. 3d 441 (2005)
- Jurisdiction
- California (state)
- Effective Date
- 2005-07-14
Other Sections in This Document (44)
- Bisno v. Santa Monica Rent Control Board, 30 Cal. Rptr. 3d 441 (2005)
- Bisno v. Santa Monica Rent Control Board, 30 Cal. Rptr. 3d 441 (2005)
- Bisno v. Santa Monica Rent Control Board, 30 Cal. Rptr. 3d 441 (2005)
- Bisno v. Santa Monica Rent Control Board, 30 Cal. Rptr. 3d 441 (2005)
- Bisno v. Santa Monica Rent Control Board, 30 Cal. Rptr. 3d 441 (2005)
- Bisno v. Santa Monica Rent Control Board, 30 Cal. Rptr. 3d 441 (2005)
- Bisno v. Santa Monica Rent Control Board, 30 Cal. Rptr. 3d 441 (2005)
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Full Text
802 charsIt bears noting that by limiting landlords to a fair return on investment, the RCL essentially requires landlords to subsidize rent in order to alleviate the hardships attending a severe housing shortage. It is one thing to require landlords to subsidize the rent of those who reside principally in their rent-controlled units so that they will not be forced out of the Santa Monica housing market. It is quite another to require landlords to subsidize the rent of those who use their rent-controlled units for other purposes. Doing so adds to the landlord’s investment risk. This provides a strong disincentive for landlords to remain active or to expand their presence in the affordable housing market. Providing such a disincentive contravenes the purposes of the RCL, while removing it serves them.