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TV2693 t1_j9szteq wrote

Reply to comment by kippypapa in 95% of Bay Area Cities Lost Zoning Authority: In 105 jurisdictions of the Bay Area, anyone can build any residential projected at any height or density so long as 20% of the units are for low income. by dolphins3

Nice summation. But I have a question, in LA what is generally the cap income for receiving a rent controlled apt or house(does having dependents also factor in)? Also, let's say a six figure income earner wants to live under their means to build wealth. Could they rent in the same property as the lower income folks?

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kippypapa t1_j9ur96s wrote

I lived in LA. So low income means you qualify for a housing subsidy like section 8. Rent control means your rent is capped your initial rent plus a 2-9% increase every year depending on inflation.

Yes, a wealthy person can get a rent controlled apartment and live there to benefit from the limit on rent increases. The issue is that landlords don’t maintain the property so you’re getting a 70 year old apartment that feels like a 70 year old apartment. My neighbors would do their own repairs when legally the landlord has to do them because he wouldn’t. It prevents natural turnover in apartments so the next person coming in pays a lot more. I was paying $1000/month more than my neighbors for the same crappy place. I was basically subsidizing them. I’m some cases, they made 3-4x what I made. There was no reason for them to continue in those apartments, but they were able to benefit from it since the next place would have cost double.

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TV2693 t1_j9wr2xz wrote

Sounds like a crock of shit. That doesn't incentivize people to try for better jobs and educate themselves and such.

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