But the tenant and legislative backlash to fast-rising rents over the past two years have put landlords on the defensive. Cities and counties welcome and in many cases woo employers in the name of economic development. But often they don't ensure a commensurate increase in housing, particularly apartments, for the workers. The result in many areas of the Golden State is skyrocketing demand for homes amid a slow-growing housing stock. It's sent both home prices and rents soaring to record highs, and vacancies to record lows.
Most landlords are mom and pops just trying to get by.
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