Even the liberal LA Times printed a letter opposing the rent freeze. It appeared on May 12:
http://articles.latimes.com/2010/may/11/opinion/la-le-0511-tuesday-20100511/2:
What about L.A. landlords?
Re "L.A. rent hikes might be delayed," May 6
It is amazing to me that the City Council's Housing, Community and Economic Development Committee is so blind to what it takes to run a business in Los Angeles. They want to put a freeze on rent hikes, even as they raise DWP rates.
A 3% rent increase does not necessarily raise landlords' incomes. Councilmember Richard Alarcon is sympathetic to struggling working-class people, but many buildings are owned by people who do not even break even anymore. Officials are just making it harder for anyone to make a profit. No wonder businesses are fleeing the city when they can. Too bad landlords cannot move their buildings out too.
Dafni Black
Culver City
DON'T FORGET THE NEXT HEARING: FRIDAY, MAY 21, 2010, CITY COUNCIL CHAMBERS, CITY HALL, 200 N. SPRINT STREET, LOS ANGELES CA 90012 (See more info below).
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