The Rent Stabilization Ordinance (RSO) in Los Angeles was enacted in 1978 to protect tenants from unreasonable rent hikes. However, the city has changed dramatically since then, and the outdated law no longer meets current housing needs. As housing costs outpace wages and more people are pushed out of the city, calls to modernize the RSO are growing louder.
Rents Are Rising Faster Than Wages
Housing costs in Los Angeles have increased at double the pace of wages……