The Law That Destroys Existing Affordable Housing in California

https://larrygross4.substack.com/p/the-law-that-destroys-existing-affordable?r=1gctz8

The Ellis Act is a California state law passed in 1985 that gives landlords the legal right to evict tenants and “go out of the rental business.” The law was originally enacted to prevent local municipalities from forcing small property owners to remain landlords against their will, thus intending to protect small “mom-and-pop” property owners.

However, the intent of the Ellis Act has been corrupted by real estate developers, speculators and corporate entities whose sole objective is to acquire rent-controlled housing, destroy it, evict tenants and replace existing housing with high-priced luxury housing. Studies have documented that many of the Ellis Act evictions are being done by developers who have owned the property less than a year.

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