Rent Stabilization Fallacy Exhibit A: 169 North Clark

Local landlord Dan Yukelson recently circulated an email to city power brokers that claimed rent stabilization is harming mom-and-pop multifamily property owners in Beverly Hills. “These are ‘long time’ housing providers being forced out of business by over regulation and bad housing policies in Beverly Hills,” it says, and linked to several multifamily properties for sale. So we had a look. The listings don’t support specious claims but instead make the opposite argument: multifamily is still a money-minting business!

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