The Salinas rental market is facing an alarming reality—investment dollars are drying up. Over the past several months, the message from investors, developers, and property owners has been loud and clear: Salinas’ extreme rent control policies are driving investment away. When pitching apartment deals in Salinas, the response has been resounding: “Why would we invest in […]
Category Archives: AB 828
The California rental market has been through a lot recently from the passing AB 1482, statewide rent control, to the impact of Coronavirus, and now we face AB 828. What is AB 828? If passed, it would allow California courts to cut rents by 25% statewide and it would adversely impact the rental market for […]