NEW YORK — When it comes to sympathetic figures, landlords aren't exactly at the top of the list. But they, too, have fallen on hard times, demonstrating how the coronavirus outbreak spares almost no one. Take Shad Elia, who owns 24 single-family apartment units in the Boston area. He says...
If Voters Raise Taxes on Corporate Landlords, Will Small Biz Foot the Bill?
When supporters of a November property tax ballot measure talk about soaking the state’s faceless corporate giants and its wealthiest landlords, they are not talking about people like John Kevranian. The co-owner of Nuts for Candy & Toys in Burlingame, Kevranian and his wife have operated this mainstay of the...
Newsom Signs Statewide Rent Cap Law
SACRAMENTO — California will limit rent increases for some people over the next decade after Democratic Gov. Gavin Newsom signed a law Tuesday aimed at combating a housing crisis in the nation's most populous state. Newsom signed the bill at an event in Oakland, an area where a recent report...
A Rare Tenant Win, But Why Don’t California’s Renters Have More Political Punch?
California tenants just scored a rare victory in the state Capitol — emphasis on the rare. A high-profile bill passed by the state Assembly would impose a “rent-gouging cap” on annual rent increases for the vast majority of renters. If approved by the state Senate and signed by Gov. Gavin Newsom, it...
Lawmakers and Landlords: More Than a Quarter of California Legislators Are Both
In a quiet neighborhood on the outskirts of south Sacramento, the property looks like any other on the block: a single-story house that could use a new paint job, a large front yard that could use a little tidying, a chain-link fence circumferencing the lot. The tenants inside have no...