
San Francisco's (Partial) ComebackNov 17
after years of chaos under radical leadership, a new moderate coalition and builders like the sf 10x project are engineering a (fragile, partial) recovery, mostly fueled by the ai boom
Dec 4, 2025

Last month, the Los Angeles City Council voted to cap rent increases at between 1 and 4% annually, depending on inflation. (Currently, they’re allowed to raise rents up to 8%). It’s likely to become law.
I have been buying, building, renovating, and managing apartments in LA since ‘08. My investors and I own ~400 apartments, and we manage another ~800 for other owners. Here’s why the City Council’s new rent guidelines are likely to be so harmful, both to owners and tenants of existing rent-stabilized buildings, and to LA’s rental housing market.