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- [Reporter] If you live in New York your city became unaffordable to rent in in 2004. See this line? That line is 30% of what you make. Generally for rent its advised you dont spend past that line, but if you live in Miami you probably passed that line in 2001 and in Chicago in 2012. Los Angeles has been plain unaffordable since before 1979. Rent is growing faster than the money most people make to pay it. Either wages have been relatively stagnant like in Atlanta so its hard to keep up or supply doesnt keep up with demand like in Houston. Until the last few years solutions have remained pretty local. San Francisco had its own rent stabilization laws. New york did, too, but now to protect millions from financial renters ruin California upped the stakes and passed a state-wide cap of 5% a year on rent increases making it the second state behind Oregon to tackle the problem on such a high scale which begs the question, if California could do it and it actually works out does that