California is on the verge of having statewide rent control.
Assembly Bill 1482—which will bar landlords from hiking rents more than 5 percent, plus local inflation, in one year—was approved this afternoon in the state Assembly on a 46-22 vote. Inflation varies by region, but averages about 2.5 percent in California.
The bill now heads to Gov. Gavin Newsom’s desk; he has said he will sign it.