Speaker 1: On Tuesday, the Los Angeles City Council voted unanimously to
Speaker 1: stop landlords from evicting tenants for no reason. This emergency
Speaker 1: measure will become l A law right away. L A
Speaker 1: Democrats were mad that a bunch of landlords were kicking
Speaker 1: too many tenants out under current no fault law. A
Speaker 1: new state law goes into effect in January. It requires
Speaker 1: landlords to have just cause in order to evict. California
Speaker 1: landlords will also have to obey new rent control rules.
Speaker 1: Rent increases will be kept. However, California Democrats decide landlords
Speaker 1: were scrambling to make whatever changes they could while they
Speaker 1: still maintain control of their own properties. But we can't
Speaker 1: have that, so l A fast tracked their bill as
Speaker 1: a stop gap. A rent relief measure is also being
Speaker 1: drafted by l A Democrats that will prevent landlords from
Speaker 1: evicting deadbeat tenants, people who don't pay the rent. They
Speaker 1: say landlords are just greedy and they want to ouge
Speaker 1: they're oppressed helpless tenants. If you put all this together,
Speaker 1: there's only one conclusion. If you own investment property in California,
Speaker 1: you may have worked hard to buy it. You may
Speaker 1: have worked very hard to maintain it. But it isn't
Speaker 1: your property. It belongs to the Democrat Party. You didn't
Speaker 1: build it. The state government City of Los Angeles owns it.
Speaker 1: You just occupy it. The tenants. They have all the power.
Speaker 1: You have none. You have no voice, You have no
Speaker 1: property to call your own, except on the deed