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Why wouldn't they already be maximizing their own profit today?
by ec109685 10y ago
Why wouldn't they already be maximizing their own profit today?
- HillaryBriss 10y agoyes. right. i think they are trying to maximize profit in any environment. and eliminating prop 13 would mean less profit. if the experience of rent control laws over the last forty years in places like Santa Monica is any guide, the property owners will cut corners on building maintenance if they are not allowed to raise rents and pass the tax hikes through to tenants.