L.A. Council committee OKs 4-month ban on some rent hikes

The L.A. Times reports:

After roughly 90 minutes of angry testimony from tenants and landlords, a Los Angeles City Council committee called Wednesday for a four-month prohibition on rent increases for an estimated 630,000 apartments.

On a 3-1 vote, the council's Housing, Community and Economic Development Committee supported a plan to bar owners of rent-controlled buildings — properties with two or more units built before 1978 — from raising rents July 1.

Great moments in central planning.