I live in an apartment complex in the Santa Clarita Valley. I have lived at this location for about four years. I recently got my renewal notice from the management. I was horrified to learn that my rent is being increased by 7%. I was not given enough notice to move out, so I am now in a bad situation. The rent has increased steadily over the last four years. Further, I will now be paying 26% higher than when I first moved here, which I think is outrageous (my salary is definitely not 26% higher). Needless to say, these constant increases in rent put a terrible strain on my finances. And, of course, the management refuses to compromise.
I am a native of the East Coast. Prior to moving here I was sharing an apartment with some friends while we attended school there. We lived there for three and a half years and the rent never changed. Also, I have a friend back home who manages an apartment complex. I called her and she said their rent increases are capped at 3%, and if they did something like this they would probably get sued. She was horrified to hear that I am paying 26% higher within fours years; as she has some tenants who have paid the same rent for nearly ten years.
From what I understand, many of the communities within the greater Los Angeles area are rent controlled. I strongly feel that some form of rent control should be implemented everywhere.