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this post was submitted on 03 Sep 2023
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Mildly Infuriating
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It's very uncommon to find available rent controlled apartments. Some of the leases allow you to pass the apartment and its current pricing to a child, so there's a lot of them where the same family has lived there for 20+ years and just passed the lease down the family.
In my area, there's some newer rent controlled ones, but they're only available to low-income families (which makes sense to me). There's also California-wide rent control for most properties which mandates a maximum increase of CPI + 5% per year, capped at 10%. It's not really rent control though, since the rent still rises higher than inflation (eg if inflation is 3%, the rent can still go up as much as 8%).