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California Assembly passes statewide rent control bill—governor will sign

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.