[tmurray]

property taxes are capped in CA, so the landlord's costs are essentially fixed: http://en.wikipedia.org/wiki/California_Proposition_13_%2819...

[Sanddancer]

In San Francisco, the rent increase is also capped, oftentimes less than the amount that property taxes are increased under prop 13.

[cowsandmilk]

rent increases are almost always less than prop 13 increases. prop 13 increases are capped at 2%. In the last decade, only once was rent control greater than 2% and once it was 2%. The other 8 years, it has been less, including 0.1% one year.

http://sfrb.org/Modules/ShowDocument.aspx?documentid=1939

[jrs235]

Does California have income tax?

[pcwalton]

Yes.