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A comment on “High End” Apartment Construction Creates Mismatch of Supply and Demand. Parent comment

Re:“High End” Apartment Construction Creates Mismatch of Sup... by k_sh on Saturday October 13, 2018 @02:24PM (#18209282)
Not sure about other cities, but in Los Angeles a "luxury housing unit" can be exempted from rent control (there's an application process) if it would otherwise be subject to it.

I imagine that a lot of the dilution has come from (re)developers labeling units as luxury and doing the bare minimum to qualify, specifically to avoid rent control.

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Re:“High End” Apartment Construction Creates Mismatch of Sup... by tunap on Sunday October 14, 2018 @12:48PM (#18213775)
Blackstone is spending millions to retain such exemptions trying to block Prop 10 as we type

No safeguards like those in Phoenix, it's still the wild, wild west of politics & regs here.

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