Landlords will charge whatever the market can bear, as in what tenants are willing to pay them. The % share that goes to their pocket versus to paying for roads, schools, infrastructure depends on the tax rate set.
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The reverse was promised with Prop. 13 — that if tax rates were slashed landlords would pass on savings to tenants. They didn’t do a wave of rent control ordinances passed in the following year, 1979.
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“Didn’t, so”
6:20 PM - 5 Dec 2018
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