California just passed a major rent control law, and Bernie Sanders is talking about a plan that could affect nearly 40 million Americans. Dan digs in with Axios' Kim Hart.
Renter protections on the rise in response to sky-high housing costs
California Gov. Gavin Newsom yesterday signed legislation capping annual rent increases at 5% a year plus inflation for the next decade.
Why it matters: California is the third state this year to pass major renter protections in response to sky-high housing costs, a surge of homelessness in major cities and an outcry from residents who feel they are at the mercy of greedy landlords.