Quote:
Originally Posted by fintstone
Yes. I have never owned a rental where there are rent controls. Seems very counterproductive (As to the poor or homeless)...as it likely keeps investors from buying rentals (providing housing for people that cannot afford to buy).
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The idea out here is to level the playing field. Rent is market driven out here or elsewhere. The poor is being pushed out by the younger professionals. Yet these younger professionals are the ones voting for rent control. Oh, those poor people can't afford to live, so the gov must do something. At the same time, owners will do nothing but let the building rot. No one is investing. In the mean time, laws is killing us off trying to protect the renters. Its a mess. A lot of owners are caught off guard when Newsome sign that into law. They all got screw. one pen stroke, could mean the death of a large industry.