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by yaba_money
452 days ago
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I live in an area in Los Angeles that passed a similar law a few years ago (actually I live in an ADU) I can say the exact opposite has been true here. SO many houses have added ADUs - some rented out - but the vast majority are turning their properties into multi-generational living.
Can't say that rent has come down per-say, but I have managed to rent one at below market. Having individual landlords with the pressure of paying their HELOC means they are less likely to sit on an empty unit for 5 months waiting for the most high dollar tenant. I 100% feel like this policy has been a big net positive. what I would really like to see now is allowing owners to sub-divide and sell the ADU. This could bring back the "starter-home" that no longer exists and has kept me out of the market |
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