We all know about rent control and extreme rules about renting property. Here's a clear video that goes through some troubles, such as tenants' permanent right to keep renting. One surprise is that a home has to be rented unfurnished. WTF?

He still made a nice gain on the property.

https://marginalrevolution.com/marginalrevolution/2025/12/the-peoples-republic-of-santa-monica.html