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Silicon Valley is a region in Northern California that is a global center for high technology and innovation.Located in the southern part of the San Francisco Bay Area, it corresponds roughly to the geographical area of the Santa Clara Valley.
Increased the minimum rent for deregulation of an apartment to $2,500; Increased the household income to $200,000 for deregulating an occupied apartment with a rent of at least $2,500; In June 2015, the New York State Legislature enacted the Rent Act of 2015. [29] Rent laws were extended four more years through 2019.
Rent regulation is a system of laws for the rental market of dwellings, with controversial effects on affordability of housing and tenancies. Generally, a system of rent regulation involves: Price controls, limits on the rent that a landlord may charge, typically called rent control or rent stabilization
Kensington's high percentage of low income renters puts its residents at risk of displacement from gentrification. Significant rent increases are commonly triggered by increasing property values and a new wealthier demographic that can afford to pay higher rents. [ 36 ]
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