3 ms·
Alternatively you could find a rent-controlled apartment/condo/whatever, and use its benefits while you invest in real estate elsewhere.
by tehlike 8y ago
Alternatively you could find a rent-controlled apartment/condo/whatever, and use its benefits while you invest in real estate elsewhere.
- electriclove 8y agoRent-controlled apartment in the Bay Area?
- laurencerowe 8y agoMay be found in: * Berkeley * East Palo Alto * Hayward * Los Gatos * Mountain View * Oakland * Richmond * San Francisco * San Jose https://www.sfchronicle.com/business/article/Bay-Area-rent-control-movement-continues-to-spread-11084978.php https://www.sfchronicle.com/business/article/Bay-Area-rent-c...
- tehlike 8y agoExpect wider scope and more cities if prop 10 passes. Bandaid to the actual problem.
- tehlike 8y agoThe sibling comment si right, but expect more cities and wider scope if prop 10 passes (that is, if costa hawkins is repealed).
- scarface74 8y agoThat’s a great idea if you want to live in one of the four states that have some cities with rent control. http://www.landlord.com/rent_control_laws_by_state.htm http://www.landlord.com/rent_control_laws_by_state.htm As opposed to the entire United States where you can get a fixed rate mortgage and only have to worry about slight fluctuations in property taxes and insurance.
- dragonwriter 8y ago> That’s a great idea if you want to live in one of the four states that have some cities with rent control. Since we're talking about California, and it's one of them, that seems to be a given.
- closeparen 8y agoI won’t be shocked if rent control becomes means tested at some point.
- tehlike 8y agoProp 10 has a chance of passing. It might get worse before it gets better. Rent control is a bandaid to the actual problem of very low inventory and zoning.