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California Housing Corporate Landlords 

Homelessness remains an ongoing issue. We see that in today’s day and age, improvements still have to be made. According to an article done by LA- ist, author Ben Christopher mentions, 

“Assembly Bill 1333, authored by Ward, would ban developers from selling homes in bulk to big investors. This is aimed at increasingly popular “build-to-rent” projects, in which developers build single-family subdivisions with the specific aim of selling them to single-family rental companies.” This could lead to families needing more financial support if they intend to go through the renting process. Luckily, a solution has been to improve housing for those who require support. Families want what is best for them in terms of finding a better school district or a better neighborhood to feel safe. Laurie Goodman, an economist for the Urban Institute, says. “The fact that major investors specialize in buying up homes in need of repair means they are often “competing for separate types of products” than first-time buyers anyway.” These houses are typically put together quickly and mainly have less supply of homes available since only a few of them are designed.

A factor that we must consider is the power these landlords have on the renters. Barbara Schultz mentioned a story written by the Los Angeles Times. “A 2019 report by the Los Angeles Right to Counsel Coalition found that 95% of landlords and only 3% of tenants are represented by lawyers in Los Angeles eviction court, a certain recipe for injustice.” The imbalance could be an issue for tenants renting the property if problems arise. These landlords have the power to make decisions based on everyone’s needs. Often, we’re told stories where landlords have corporate greed tendencies. Of course this is not always the case. Renting in Los Angeles is generally not the cheapest. One other article by George Zuo, an economist from the L.A. Times, says. “ Legal representation is a core part of the judicial process — and it’s crucial that tenants be protected from unlawful evictions. However, paying a fleet of public defenders to contest and delay every attempt at eviction might add fuel to the fire while draining the resources of the city and landlords alike.” Therefore, we must continue to fight for equality and fair rights for all parties. If you are interested in learning more about resources regarding legal assistance please contact https://www.stayhousedla.org/ or call 1-888-694-0040 for more information. 

References

Los Angeles Times. (2024, February 19). Letters to the editor: Landlords have attorneys, renters almost always don’t. that’s a recipe for injustice. Los Angeles Times.https://www.latimes.com/opinion/letters-to-the-editor/story/2024-02-19/landlords-have-at torneys -renters-almost-always-dont | Los Angeles Times. (2024b, February 13). Opinion: Renting in L.A. could go from bad to worse. Los Angeles Times. https://www.latimes.com/opinion/story/2024-02-13/los-angeles-rent-increases-evictions homelessness

CalMatters. (2024, March 8). What you need to know about California housing and corporate landlords. LAist. 

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